Amid the ongoing global tensions in the Middle East, the government is buying another 5 lakh metric tonnes of fuel oil to increase its fuel reserve capacity. This initiative has been taken to keep the country`s economic and commercial activities running and meet the domestic demand of the energy sector.
According to the new decision, another 4 lakh 80 thousand metric tonnes of fuel oil is being imported into the country, taking into account the country`s 90-day storage capacity. Of this, 3 lakh 90 thousand metric tonnes are diesel (gas oil) and 90 thousand metric tonnes are jet fuel (aircraft fuel).
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