This 'treasure' will reduce the price of petrol and diesel! India will take out crude oil from emergency reserves
emergency crude oil: India, Japan, and the US have decided to withdraw crude oil from their emergency reserves. Under this, the Government of India will also take out 50 lakh barrels of crude oil from its reserves.
Sunil Shukla 
emergency crude oil: In order to curb the prices of petrol-diesel and other fuels, India has prepared to adopt a unique path by going along with Japan and America. These countries have decided to take out crude oil from their emergency reserves. Under this, the Government of India will also take out 50 lakh barrels of crude oil from its reserves.
According to a news agency report, a senior government source has given this information. According to the source, this step can be taken only in the next 7 to 10 days. The government can make an announcement in this regard soon.
how much is the stock
It is worth noting that 38 million barrels of crude oil have been kept as a strategic reserve i.e. emergency reserve in underground caves built at three places on the eastern and western coasts near India. Out of this, about 50 lakh barrels of oil will be extracted.
These reserves will then be sold in the market by Mangalore Refinery and Petro-Chemicals and Hindustan Petroleum Corp Ltd (HPCL). Both these companies are connected to this emergency reserve through the pipeline.
what is compulsion
It is worth noting that due to the high prices of crude oil in the international market, the fuel prices are very high all over the world and due to this, the common people of every country are affected. Earlier, the US put pressure on oil-producing OPEC countries to increase their production so that prices would come down. But OPEC countries are not ready to agree, due to which America is now
having to consider other options.
