Panic buying triggers fuel shortages in Karnataka; Indian Oil Corporation Limited assures adequate supply
The Hindu
Amid instances of panic buying at fuel stations in parts of Karnataka, Indian Oil Corporation Limited on Thursday assured the public that there is no shortage of petrol or diesel in the State and that supplies remain stable.
Amid instances of panic buying at fuel stations in parts of Karnataka, Indian Oil Corporation Limited on Thursday assured the public that there is no shortage of petrol or diesel in the State and that supplies remain stable.
The company said adequate stocks of both fuels are available across Bengaluru as well as in all districts of Karnataka, with supply to retail outlets continuing without disruption. All petroleum terminals and supply points, it added, are well stocked to meet current demand.
The clarification comes after an unusual surge in fuel purchases was reported in certain areas, affecting availability at a few outlets briefly. Indian Oil attributed this to panic buying rather than any disruption in supply, and said deliveries to affected pumps are being prioritised. Inventory levels across fuel stations are also being closely monitored to restore normalcy.
The company requested the public not to resort to panic buying or hoarding, maintaining that the supply chain is functioning normally. It also warned against unsafe practices such as storing petrol in plastic cans or other unapproved containers, highlighting serious safety risks.
Siddharth Aggarwal, State Level Coordinator for the oil industry in Karnataka, said sufficient stocks are available across all public sector petroleum companies, including Indian Oil, Bharat Petroleum and Hindustan Petroleum. He added that supplies from refineries are continuing as usual, and production has been stepped up to ensure the uninterrupted availability of fuel across the State.
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Amid instances of panic buying at fuel stations in parts of Karnataka, Indian Oil Corporation Limited on Thursday assured the public that there is no shortage of petrol or diesel in the State and that supplies remain stable.
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