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Opinion News

The Economic Times

Opinion / The Economic Times

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How India can build a bigger oil buffer without straining the exchequer

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.

21 Jun 2026 11:07 pm