Fuel prices: Enough supply to fulfil demand for petrol and diesel

TeknikalRaman

Finance & Business

POSTED BY: Ranjeet Kumar  PUBLISHED: Jun 16, 22

The government claimed on Wednesday that the country's petrol and diesel output is more than enough to meet any demand spike

and that public sector oil marketing organisations are working extra hard to meet the increased demand.

Following allegations that public sector retail fuel outlets in several regions of the nation are running out of petrol due to supply difficulties

 the government has issued a statement.

Customers' wait times at fuel stations have increased in some areas, particularly in Rajasthan, Madhya Pradesh

Customers' wait times at fuel stations have increased in some areas, particularly in Rajasthan, Madhya Pradesh

and Karnataka, due to a "significant increase in instances of rush

according to an official statement, but this is primarily due to an unprecedented demand surge of up to 50% in the first fortnight of this month compared to the same period a year ago.