To avoid external price and supply shocks.
See it here: https://qz.com/1317182/strategic-petroleum-reserves-india-is-building-caves-to-store-oil-for-an-emergency/
See it here: https://qz.com/1317182/strategic-petroleum-reserves-india-is-building-caves-to-store-oil-for-an-emergency/
Why India is building huge caves to store oil
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June 29, 2018
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