India plans price stabilization fund for gasoline, diesel and LPG

Fund would tap refiners' reserves

If approved, the fund would team up with oil refiners to set aside reserves that can be tapped during price spikes or supply crunches.
There's also talk of requiring companies to store more LPG as backup.
With India's fuel demand expected to keep rising, experts say this could not only stabilize prices but also encourage cleaner energy options down the line.