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Govt defers ₹50 billion plan to fill parts of strategic petroleum reserve
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crude oil worth 50 billion rupees for caverns in the southern cities of Mangalore and Visakhapatnam. India, the world's third-biggest oil importer and consumer, imports over 80% of its oil needs and has built strategic storage at three locations in southern India to store over 5 million tons of oil to protect against supply disruptions.
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