India's $647 Million Oil Gambit: Ensuring Energy Security Amid Global Uncertainties

Unknown Apr 02, 2026 900 Views

India is taking aggressive steps to strengthen its energy security, allocating ₹55.97 billion ($647 million) to strategic petroleum reserves (SPRs) in FY 2025-26. The investment comes as the third-largest oil importer in the world aims to cushion itself against global supply disruptions. &nbs...