Strategic Petroleum Reserve (India)
| Company type | PSU |
|---|---|
| Industry | Petroleum |
| Founded | 2005 |
| Founder | Ministry of Petroleum and Natural Gas |
| Headquarters | OIDB Bhawan, Sector-73, , India |
Number of locations | 4 (2020) |
Area served | India |
Key people | HPS Ahuja (CEO & MD) |
| Services | Oil storage facilities |
| Owner | Oil Industry Development Board (OIDB) |
| Website | www |
Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian public sector company responsible for maintaining the country's strategic petroleum reserves. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
ISPRL maintains an emergency fuel store of total 5.33 MMT (million metric tons) or 36.92 million barrels (5.870 million cubic metres) of strategic crude oil enough to provide 9.5 days of consumption. Strategic crude oil storages are at three underground locations in Mangaluru, Visakhapatnam and Padur (Udupi, Karnataka). All these are located on the east and west coasts of India which are readily accessible to the refineries. These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions.
Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days.