IOC says fuel shortages localised as PSU pumps absorb private retail spillover
Indian Oil flags petrol sales up 14% and diesel up 18% in May, citing harvest-season demand and bulk buyers shifting from pricier private retailers to PSU outlets. Localised demand spikes of 20-30% strained some of its 42,000 outlets, but supply is adequate.
IOC says petrol/diesel shortages at some fuel retail outlets are localised and temporary, driven by harvest-season demand and bulk consumers migrating to PSU pumps as private retailers price higher. Petrol sales up 14%, diesel 18% in May.