Industry Odisha Bureau, May 23: Amid the uncertain scenario of panic buying of petrol and diesel along with ‘No Stocks’ boards being reportedly displayed at the retial outlets nationwide as well as the reported long queues and mad rush for LPG (cooking gas) cylinders, the Indian Oil Marketing Company (OMC) has yet again reiteratedly claimed that there is no shortage of petrol, diesel and Liquefied Petroleum Gas (LPG) cylinders, while the imports of crude oil from Russia are reportedly as usual despite the US-clamped sanctions.
“India is a net exporter and surplus in petroleum products,” reportedly contended the OMC.
The OMC also reportedly argued that the reported surge in higher diesel demand at certain fuel outlets in certain states was due to the seasonal and agricultural exigencies.
It has reportedly been claimed that the “private fuel outlets are selling petrol and diesel at higher rates due to alignment with the actual international rates than the state-run fuel outlets for which the consumers are making a beeline at the latter resulting in an unexpected rush as well as extra load on the state-run fuel retail stations.”
Meanwhile, the Indian Oil Corporation Ltd (IOCL) in its post on X handle has reportedly assured: “Our supply locations and ground teams are working tirelessly in close coordination to ensure sufficient product availability at our retail outlets in the country. We urge customers to refuel their vehicles as per normal requirement.”
“We are committed to maintaining smooth supply chain logistics for Petrol & Diesel. However, with the increase in demand due to the shift from Commercial Sales & Private Petrol Pumps to Retail Outlets, pressure on the logistics has occurred, which our team is trying to address,” reportedly averred the IOCL through the same X post.
Amid the uncertain scenario of panic buying of petrol and diesel along with ‘No Stocks’ boards being reportedly displayed at the retail outlets nationwide as well as the reported long queues and mad rush for LPG (cooking gas) cylinders, the Indian Oil Marketing Company (OMC) has yet again reiterated claimed that there is no shortage of petrol, diesel and Liquefied Petroleum Gas (LPG) cylinders, while the imports of crude oil from Russia are reportedly as usual despite the US-clamped sanctions.
“India is a net exporter and surplus in petroleum products,” reportedly contended the OMC.
The OMC also reportedly argued that the reported surge in higher diesel demand at certain fuel outlets in certain states was due to the seasonal and agricultural exigencies.
It has reportedly been claimed that the “private fuel outlets are selling petrol and diesel at higher rates due to alignment with the actual international rates than the state-run fuel outlets for which the consumers are making a beeline at the latter resulting in an unexpected rush as well as extra load on the state-run fuel retail stations.”
Meanwhile, the Indian Oil Corporation Ltd (IOCL) in its post on X handle has reportedly assured: “Our supply locations and ground teams are working tirelessly in close coordination to ensure sufficient product availability at our retail outlets in the country. We urge customers to refuel their vehicles as per normal requirement.”
“We are committed to maintaining smooth supply chain logistics for Petrol & Diesel. However, with the increase in demand due to the shift from Commercial Sales & Private Petrol Pumps to Retail Outlets, pressure on the logistics has occurred, which our team is trying to address,” reportedly averred the IOCL through the same X post.
