Rumors Of Petrol, Diesel Shortage Leads To Panic Buying In Many States, Supply Normal Say Oil Companies

State-run oil companies Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum Corporation have rejected reports of a fuel shortage in the country and assured that there is no need for any panic.

"Dear customers, this is to assure that product availability at our retail outlets is absolutely normal. There is adequate product availability & supplies to all markets. We request you not to panic. Indian Oil is fully committed to serve at all times," V Satish Kumar, Director (Marketing) of Indian Oil Corporation (IOC), tweeted.

Dear Customers,This is to assure that product availability at our retail outlets is absolutely normal. There is adequate product availability & supplies to all markets. We request you not to panic. #IndianOil is fully committed to serve at all times. @HardeepSPuri @ChairmanIOCL pic.twitter.com/rndgCLqqn3

¡ª Director (Marketing), IndianOil (@DirMktg_iocl) June 14, 2022

"HPCL is meeting the ever growing fuel demands of the Country and assures & ensures availability of product across our supply chain. Our esteemed customers need not panic. We stand committed for uninterrupted supply of auto fuels in the markets, where we have our footprint," Hindustan Petroleum Corporation Limited (HPCL) said in a tweet.

HPCL is meeting the ever growing fuel demands of the Country and assures & ensures availability of product across our supply chain.
Our esteemed customers need not panic. We stand committed for uninterrupted supply of auto fuels in the markets, where we have our footprint. pic.twitter.com/rIJidQop6O

¡ª Hindustan Petroleum Corporation Limited (@HPCL) June 14, 2022

"We assure everyone that there is adequate product availability at all our Fuel Stations, across our network. Therefore, there is no need to panic. We put on record our commitment for uninterrupted supplies of petrol and diesel in all markets where we have our presence," Bharat Petroleum Corporation Limited (BPCL) tweeted.

We assure everyone that there is adequate product availability at all our Fuel Stations, across our network. Therefore, there is no need to panic.

We put on record our commitment for uninterrupted supplies of petrol and diesel in all markets where we have our presence.

¡ª Bharat Petroleum (@BPCLimited) June 14, 2022

Fuel shortage rumors spread panic

The clarification by the oil companies came after rumors about petrol and diesel shortage in several states started making rounds on social media.

The rumors had led to panic buying, which resulted in some fule pumps running dry, making matters worse.

Rajasthan was one of the first states to report a fuel shortage.

BCCL

According to IANS, on Tuesday, around 2,000 petrol pumps across the state, including 100 in Jaipur, had gone dry.

BPCL and HPCL have limited their supply

According to petroleum dealers, BPCL and HPCL have restricted the fuel supply and are providing only 33 per cent oil of the total demand which is triggering the fuel crisis.

Rajasthan Petrol Dealers Association President Sunit Bagai said that only Indian Oil Company is giving the entire supply.

Private oil companies like Reliance and Essar had already stopped the sales at their pumps for nearly two weeks.

AFP

Officials said that the situation prevailing in Rajasthan right now is not expected to improve for the next three-four days.

Uttarakhand, Gujarat and J&K too affected

In Uttarakhand, too rumors of a fuel shortage had led to hundreds of people queuing up at pumps to buy petrol and diesel.

Some rumors on social media had claimed that following the recent controversy over offensive comments made against Prophet Muhammed, Saudi Arabia had stopped supplying crude oil to India.

BCCL

In Ahmedabad, Gujarat too long queues were seen in front of petrol pumps, triggered by similar rumors.

In parts of Jammu and Kashmir also there was a fuel shortage, which, according to local reports was caused by the HPCL and BPCL not delivering their full quota.

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