According to Business Standard, the government is considering levies on both liquefied petroleum gas (LPG) and natural gas consumption that would raise about $1.5 billion annually to finance new storage infrastructure. Unlike India’s existing strategic petroleum reserve system, the new plan would create dedicated emergency stockpiles for liquefied natural gas (LNG) and LPG alongside additional crude oil storage. India estimates it will require an additional 28 million metric tons of crude oil storage capacity, 9 million metric tons of LNG storage, and 4 million metric tons of LPG storage over the next decade. More than half of the estimated $42 billion cost would be allocated to building storage infrastructure, with the remainder used to acquire fuel inventories. India currently has 5.33 million metric tons of government-owned strategic crude storage capacity, with another 6.5 million metric tons under construction.