August 8, 2026: India needs to strengthen strategic storage capacity, diversify energy sources, and boost domestic oil and gas production to navigate challenges arising from geopolitical tensions, said BP India Head Chairman Kartikeya Dube at an industry event.
 
“Other countries’ (storage) is about two months plus on crude, and maybe between four and six months on gas. This (West Asia crisis) has shown that India needs to do a lot more. The recent announcement of the government with ONGC (building crude reserve) is the right step in that direction, but more needs to be done,” said Dube at an event hosted by the Confederation of Indian Industry (CII).

(Source: Business Standard)