panic buying

In the heart of Ranchi, the streets transformed into a frenzy as residents rushed to fuel stations amidst a significant rise in petrol prices. The rush overwhelmed retail outlets, leading to some selling up to three times their regular amounts.

panic buying gripped Ranchi as fuel prices surged, leading to massive queues at petrol pumps and several outlets running out of stock. Despite assurances from officials, residents resorted to filling tanks due to fears of an impending crisis, exacerbating the shortage.

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.

Monday brought a sigh of relief to Bokaro residents as the lengthy lines at petrol pumps disappeared. The shift followed a strong message from the district administration, which stepped in to tackle the chaos caused by rampant misinformation on social media.

Normalcy returned to petrol pumps in Bhubaneswar and Cuttack on Sunday after four days of chaotic rush, with crowds reportedly less than routine. panic buying on Friday and Saturday led to a 50% surge in demand, which has now reduced by 60% as consumers await their bulk purchases to deplete.

Adequate stocks of petrol, diesel and LPG available in state, no need for public to worry: CS

panic buying gripped Jamshedpur and Ranchi as social media rumors of fuel shortages and price hikes led to long queues at petrol pumps for days. Authorities have reassured the public about ample supply, urging them to avoid hoarding and use digital platforms to verify information.

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.

State-run oil companies assure uninterrupted fuel and LPG supplies nationwide despite Middle East tensions. Adequate stocks are confirmed, with no system shortages. Companies urge consumers to avoid panic buying, citing temporary pressure at select outlets due to demand shifts and seasonal factors. India remains well-supplied with petroleum products.