The country has adequate reserves of wheat, rice, sugar and edible oil in the era of increasing tension on the border of India and Pakistan. It will be beneficial in any emergency. The arrival of crude oil is also maintained at the appropriate level. Officials said that India currently has adequate reserves of 70-74 days of crude oil and petroleum products. The country's oil marketing companies (OMCs) have enough reserves to meet the 60-64 days national consumption.
He said that the Indian Strategic Petroleum Reserve Limited (ISPRL) has a 9.5 -day fuel. Officials of the Ministry of Petroleum and Natural Gas said, 'Oil marketing companies have started increasing shopping at falling prices of crude oil. This is the standard process adopted in the period of increasing value fluctuations. Right now they have enough stores of crude oil. He said that crude oil reserves have increased due to diversification of source countries. In the early 2025, the number of importer countries of crude oil has increased from the previous 27 to 40.
According to the Petroleum Planning and Analysis Cell, there was a slight decline of 1.48 percent in imports in January. However, crude oil imports rose 6.6 percent in February and 9.04 percent in March. The Ministry is a special Purpose Vehicle (SPV) of the former ISPRL owned by the Oil Marketing Board of Industrial Development (OIDB). It manages 53.3 lakh tonnes of crude oil at three places – Visakhapatnam in Andhra Pradesh, Mangalore and Padur (Uduppi) in Tamil Nadu. However, the International Energy Agency has advised its member countries to keep at least 90 days reserves of total imports under the standard process.
On the other hand, in the case of food, according to the latest data of the Food Ministry, on April 27, India's storehouse has about 661.7 lakh tonnes of food grains (both wheat and rice) and it is more than 520 lakh tonnes of total food grains sold through public distribution system in the year 2023-24. In short, India has a stock of wheat and rice of more than a year. Sugar production is about 18 percent less than last year till May 1, 2025. However, opening stock is better. Therefore, the supply up to the sugar crop coming in October should be at a sufficient level.
India is preparing to launch the new Chinese session of 2025-26 (October to September). Currently, India has a stock of 54 lakh tonnes of sugar and will be more than India's two months of consumption. Traders said in the context of the dazzle that the government has a stock of about 18 lakh tonnes of pulses as of April 1, 2025, while it is standardly 35 million tonnes of levels. The pulses reserves of India have maximum amounts of moong and moong. The official said, 'New gram crop has come in the market. Pulses supply is expected to be normal in the coming months.
First Published – May 7, 2025 | 11:16 PM IST
