As a major importer of crude — close to 80% of its requirement is met through imports — any jump in prices would affect the country's fiscal deficit...

ISPRL has constructed underground rock caverns for storage of 5.33 million tonnes (mt) of crude at 3 locations...

Possible measures including subsidy sharing, inventory management, and forex swap...

Fresh plunge comes as Opec and non-Opec members head for weekend meeting...