How India can build a bigger oil buffer without straining the exchequer
Published on: June 21, 2026, 11:07 p.m. | Source: The Economic Times
As tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengthening long-term energy security, the authors argue. While the government has asked ONGC to build a new 1.75-million-tonne strategic oil reserve in Mangaluru, expanding reserves through public funding alone could strain finances.
