Indian Oil Quells Fuel Shortage Rumours, Says Supply "Absolutely Normal"
Amid rumours of petrol and diesel shortage in Rajasthan, Uttarakhand and even in Ahmedabad in Gujarat, which led to long queues at petrol pumps in various cities in these states, Indian Oil Corporation had to issue a clarification on Tuesday evening that fuel availability in all its outlets is absolutely normal and there is no need to panic.
According to reports, rumours of fuel shortage surfaced during the weekend which soon led to long queues at fuel outlets, forcing many dealers to even close them due to the crowds getting out of control.
The situation went out of hand in Rajasthan and Uttarakhand where in capital cities of Jaipur and Dehradun respectively, the local petrol pump associations had to issue a clarification that there was no shortage of petrol and diesel.
Dehradun administration even initiated a probe in the matter and has warned of strict action against rumour mongers.
The panic forced Indian Oil to issue a clarification, with the retailer's Director (Marketing) V Satish Kumar tweeting that supplies of fuel are absolutely normal.
Read the tweet here.
Dear Customers, This is to assure that product availability at our retail outlets is absolutely normal. There is adequate product availability & supplies to all markets. We request you not to panic. #IndianOil is fully committed to serve at all times. @HardeepSPuri @ChairmanIOCL
June 14, 2022"This is to assure that product availability at our retail outlets is absolutely normal. There is adequate product availability & supplies to all markets. We request you not to panic. Indian Oil is fully committed to serve at all times," Mr Kumar said in the tweet.
Apparently the rumour was spread that Saudi Arabia has stopped crude oil supply to India, which led to the panic among people across states.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
