India plans to build strategic reserves of crude, liquefied petroleum gas and liquefied natural gas large enough meet as much as a month of domestic demand, as the country seeks to avoid a repeat of the supply shock created by the war in the Persian Gulf.
The oil ministry has set up a committee to study details including potential locations, operating models and the split between overground and underground storage, according to people familiar with the matter, who asked not to be named as the discussions are not public.
