Strategic Petroleum Reserves (SPRs)

Source:  IT Subject:  Economy/Miscellaneous Context: The Ministry of Petroleum and Natural Gas informed the Rajya Sabha that India’s Strategic Petroleum Reserves (SPRs) are currently at only 64% capacity. About Strategic Petroleum Reserves (SPRs): What it is? Strategic Petroleum Reserves are massive stockpiles of crude oil stored in underground rock caverns. They serve as a specialized …