Attributed to seasonal agricultural and harvesting activities
NATIONAL: Public Sector Oil Marketing Companies (OMCs) in India, including Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited are operating continuously to ensure the steady supply of Petrol (MS), Diesel (HSD) and Liquefied Petroleum Gas (LPG) amidst a significant rise in fuel demand across various regions. This increase is largely attributed to seasonal agricultural activities and harvesting operations that have led to a notable surge in the offtake of petroleum products.
The rising demand has also been influenced by a shift in consumer preferences with more retail consumers opting for Public Sector Retail Outlets due to relatively lower fuel prices. Moreover institutional and commercial consumers are increasingly turning to retail fuel stations contributing to the heightened consumption levels.
To manage this demand effectively, the OMCs have leveraged their extensive infrastructure, including a nationwide network of terminals, depots, cross-country pipelines, LPG bottling plants and retail outlets. Supply teams and transport fleets are functioning round the clock ensuring timely replenishment and the uninterrupted flow of petroleum products in the market.
In conjunction with these operational efforts, the OMCs maintain close collaboration with State Governments, district administrations and local authorities to ensure smooth logistics operations and efficient fuel distribution. The Oil Industry has assured the public of the availability of adequate stocks of Petrol, Diesel and LPG across the nation.
Continuous assessments of stock levels and logistics planning are being conducted to meet the increased demand efficiently.
Consumers are advised to maintain their usual purchasing habits and refrain from panic buying. It is also recommended that they rely on official communications from authorized agencies and Oil Marketing Companies for accurate information regarding fuel availability, ensuring that they are well-informed amid the situation.