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The central government has indicated that land acquisition for expanding India's strategic petroleum reserves is in an advanced stage, marking steady progress in boosting the country's energy security. The expansion aims to increase crude storage capacity and reduce risks from global supply disruptions. Work on planning, feasibility, and partnerships is moving alongside land-related processes. The move builds on existing reserves at key locations and reflects India's continued efforts to strengthen its buffer against oil price volatility and geopolitical uncertainties affecting fuel supply.
The central government has informed that land acquisition for the expansion of India's strategic petroleum reserves (SPR) is at an advanced stage, showing that the project is moving closer to execution. This step is part of a larger plan to strengthen the country's energy security by increasing its crude oil storage capacity. Advertisement
Officials stated that the land-related process is progressing steadily along with technical planning and preparatory work for the next phase of SPR development. The expansion is expected to add substantial storage capacity, which will help India manage supply disruptions and fluctuations in global crude oil prices in a better way.
India had developed its first phase of strategic reserves at Visakhapatnam, Mangaluru and Padur. These facilities were designed to store crude oil for use during emergencies such as supply cuts or sudden price spikes. Over time, these reserves have played an important role in stabilising supply during uncertain global conditions.
The next phase of expansion is expected to include both new storage locations and the expansion of existing facilities. The government has been considering a public-private partnership model for this phase. It had earlier invited interest from global oil companies to participate in building and operating these reserves, allowing them to store crude while ensuring that it remains available for domestic use when required.
The push to expand SPR capacity has gained importance due to increasing geopolitical tensions and volatility in international oil markets. As India depends heavily on crude oil imports, any disruption in global supply chains can directly impact domestic fuel availability and prices. Increasing storage capacity is seen as a key step in reducing such risks.
Along with land acquisition, feasibility studies, technical assessments, and infrastructure planning have also been moving forward. The government's update indicates that multiple aspects of the project are being handled in parallel to avoid delays. However, specific timelines for completion or operationalisation have not been disclosed.
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