Friday, April 26, 2024

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Strategic Petroleum Reserves

The Saga of increase in petrol prices and lollipop of subisdies given by congress

Analyzing three main factors- Global crude oil prices, percentage increase in Indian prices and subsidy given on the fuel, impacting fuel prices.

Why scaling up of Strategic Petroleum Reserves (SPR) is a good strategy for India

India's SPR can also offer an opportunity to oil producing countries to leverage her geo-political location for improving their footprints in Southeast and East Asian countries in a much more economical way.

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