Gujarat: Petrol pumps face fuel shortage in past four to five days



Petrol pumps across Gujarat are experiencing shortage of diesel and petrol for the past four to five days as many pumps run out of diesel due to shortage and hence long queues are observed outside of these outlets where both fossil fuels are available.

Forget other parts of Gujarat, some petrol pumps in the state capital, Gujarat, stopped selling petrol and diesel on Wednesday night. Oil concessionaires of public sector oil companies say they are getting 20-30% less supply than their demands.

Confirming the development, Arvind Thakker, Chairman of the Federation of Gujarat Petroleum Dealers Association (FGPDA), claimed that there had been at least a 20% shortage for more than 2,500 Hindustan Petroleum retail oil dealers. Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited. (BPCL). Due to the supply shortage, many gas pumps have been forced to close sales until they receive a new supply from these two companies, Thakker said.

See also  Rakesh Jhunjhunwala Stock Tanks: Nazara Tech Shares Fall 57% YTD, Brokerage Says Valuations Rich; check rating

According to the FGPDA, out of almost 1,200 petrol pumps owned by private actors, including Reliance Industries Limited (RIL), Nayara Energy and Shell, almost 70% are closed. Echoing him, Pavan Kumar Sehgal, CGM HPCL said that as regular customers of privately owned petrol pumps turned to us, the demand for petrol and diesel suddenly increased. .

“Our supply to points of sale has not been reduced. It is because of an unprecedented demand for gasoline and especially diesel that some gasoline pumps stopped for a few hours. We are working to increase the quantity of both fuels to ensure that end users do not have to suffer,” Sehgal said.

See also  Metals: asset valuations are recalibrating

When contacted, a spokesperson for the RIL declined to comment on the matter. In the case of Nayara Energy, there was no response to UK Time News’ question on how many of their outlets are operating in Gujarat and across the country. About a month ago, a similar situation prevailed with private company outlets in the state following unprecedented volatility in fuel prices. A retailer from a private oil company said that very few end users come to us anyway because the prices of the PSU oil company’s gas pumps are lower. Fortunately, there was a sufficient supply of CNG, otherwise it could have wreaked havoc on most outlets, he added. There are over 4500 private and public enterprise petrol pumps in Gujarat. These outlets sell nearly 55 crore per liter of diesel and 25 crore per liter of gasoline per month.

See also  Analysis of Johnson & Johnson's dividend growth potential



Please enter your comment!
Please enter your name here