fuel stocks

Government assures sufficient fuel stocks amid panic buying and dryouts in select states. Joint Secretary Sujata Sharma cited increased demand and logistical issues, not shortages. Fuel prices have risen significantly, with state-run companies still facing losses. Citizens are urged to conserve fuel and explore alternatives.

Fuel Stock Adequate, Shortage Complaints Being Addressed: Govt

Fuel prices in Odisha have climbed for the fourth time in ten days, pushing diesel past Rs 100 per litre. While traders assure sufficient stocks for now, they anticipate a ripple effect on essential goods like vegetables and groceries within a fortnight due to increased transportation costs. This gradual hike is expected to eventually impact consumers.

The ongoing fuel crisis in Ranchi is raising concerns among census enumerators tasked with the house-listing process for Census 2027. Many enumerators fear the shortage will hinder their ability to visit households, as petrol pumps face stockouts and implement rationing. The district administration is monitoring the situation, while the Jharkhand Petroleum Dealers’ Association urges an end to panic buying.

District Administration Steps In To Aid Port, Transport Operations

Fuel demand in Odisha has surged by approximately 50% in two days due to panic buying, according to Food Supplies Minister Krushna Chandra Patra. He assured the public that fuel stocks are sufficient for 13 days and urged citizens to avoid hoarding or unnecessary crowding at petrol stations. Strict action will be taken against hoarders.

Indian oil company stocks surged up to 6% on Monday following a government fuel price hike. This rally was further boosted by a significant drop in global crude prices, driven by easing US-Iran tensions and hopes for the reopening of the Strait of Hormuz. Brent and WTI crude futures saw substantial declines, marking their lowest levels in two weeks.

Cabinet Reviews Austerity Measures, Situation On Fuel And Fertilizers

Coal India assures sufficient buffer stock of 168 million tonnes, enough for 19 days of power plant consumption, to alleviate fears of shortages during intense summer. Despite some plants facing critical levels, the company states ample in-situ mine coal is available for immediate extraction if demand escalates.

Farmers and heavy vehicle drivers in Gujarat are facing severe diesel shortages, leading to protests and road blockades. Despite government assurances, long queues and clashes at petrol pumps highlight the crisis, particularly impacting the ongoing sowing season and critical logistics hubs like Kutch.

Fuel supply disruptions stemming from the West Asia conflict are prompting a resurgence of bullock carts in Hazaribag district. With fuel stations struggling to maintain stocks, traditional transport is being utilized for ferrying construction materials and agricultural produce, as mechanized vehicles become less viable due to shortages and rising costs.

In light of global fluctuations, Bihar's public sector oil companies are committed to ensuring a steady supply of fuel and LPG. They have confirmed that all terminals and retail outlets are functioning smoothly, with stocks being replenished constantly. Petrol and diesel are readily available, and LPG deliveries remain on schedule.