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Fuel Crisis Grows As Oil Cos Slash Supplies, Energy News, ET EnergyWorld

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Andhra Pradesh: Fuel crisis grows as oil cos slash suppliesVisakhapatnam: With the oil companies slashing supplies to petrol pumps across Andhra Pradesh, petrol and diesel crisis is being reported in cities, towns, and rural pockets for the past few days.

Petroleum dealers said the oil companies have restricted the fuel supply and are providing only 30 to 40 per cent of total demand which is triggering fuel crisis. The private oil companies have already stopped sales at their pumps in cities and towns. Eventually, the load shifted to the petrol pumps of other oil companies.

Speaking to TOI, president of Federation of Petroleum Traders, Andhra Pradesh, R Gopala Krishna said there are over 4,000 petrol pumps, including 400 pumps of private companies, in AP.

“Earlier, the oil companies supplied oil to petroleum dealers on credit basis. Now, we are paying advance to oil companies. But, for the last couple of days, we have been forced to wait for supply from them,” he added.

“The prime reason for the shortage of fuel in the state is the closure of petrol pumps of private companies for past two weeks. When their pumps are closed, the burden lands on the petrol pumps of other companies.

“The second reason is that the supply is being reduced by BPCL and HPCL. The Indian Oil Corporation is giving good supply. The third reason is that the oil companies have stopped supply to RTC and some other organisations,” Gopala Krishna added.

Meanwhile, consumers are forced to wait for 30 minutes to one hour to get fuel at the pumps as there is no stock at some pumps and others are closed.



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