Picture used for consultant functions solely | Picture credit score: Reuters
India Oil Company (IOC), the nation’s largest oil firm, stated on Saturday (Could 23, 2026) that there isn’t any normal scarcity of petrol and diesel within the nation, and gasoline provide outages reported at some shops had been “extremely localized” and momentary, resulting from regional demand-supply mismatches and altering gross sales patterns.
The nationwide gasoline retailer stated the rise in demand at some retailers was pushed by a seasonal enhance in diesel consumption through the harvest season, a shift of consumers from non-public pumps the place retail costs had been comparatively excessive, and a rise in institutional purchases at public sector retailers as costs for bulk gasoline provides are set according to rising worldwide charges.
The corporate stated gasoline gross sales rose 14% from Could 1-22 in comparison with the identical interval final yr, and diesel gross sales rose about 18%, reflecting the “sustained and exceptionally excessive” demand progress it continued to fulfill throughout the nation.
“We want to reassure our clients and most of the people that there’s not an general scarcity of gasoline and diesel within the nation. The present scenario noticed in sure shops is of a extremely localized and momentary nature, ensuing from regional provide and demand imbalances and the redistribution of gross sales patterns in chosen areas,” the IOC stated in an announcement.
The corporate stated that out of its community of greater than 42,000 gasoline stations, solely a “very small quantity” of retailers had skilled provide disruptions, and that almost all pump shares and provides remained regular and enough.
The rise in demand seen in some areas is because of “seasonal will increase in diesel demand through the ongoing harvest interval, momentary migration of consumers from sure non-public retailers resulting from comparatively excessive retail costs at some non-public pumps, and elevated migration of institutional and business demand to PSU retailers as costs of bulk and institutional provides at the moment are considerably greater according to prevailing worldwide market costs.”
IOC added that the state-owned oil advertising and marketing firm continues to take care of enough gasoline shares nationwide and is taking steps to handle particular person disruptions and guarantee uninterrupted provide.
“Regardless of such sustained and exceptionally excessive demand progress, Indian Oil continues to constantly meet the calls for of our clients throughout the nation.” He additionally urged shoppers to keep away from panic shopping for and reiterated the corporate’s dedication to sustaining seamless gasoline provide throughout the nation.
“Indian Oil, like different oil advertising and marketing firms (OMCs), continues to take care of enough inventory and provide of petrol and diesel throughout the nation,” it stated in an announcement.
“The corporate is carefully monitoring the scenario and taking applicable measures to handle these remoted conditions and be sure that gasoline provide to shoppers is uninterrupted,” the IOC stated. The corporate stays dedicated to sustaining seamless gasoline availability throughout the nation and asks clients to keep away from pointless panic shopping for.
