Fuel outlets face diesel shortage in Hyderabad

Fuel outlets face diesel shortage in Hyd...

Hyderabad: Fuel outlets across the State are witnessing a shortage of diesel with around 30 per cent less stock compared to the regular quantity they have in store. Generally, the stock available in the State can meet the fuel demand for 10 to 15 days but presently, diesel will be sufficient only for the coming three to four days, members of the Telangana Petroleum Dealers Association (TPDA) said. “There is a shortage of diesel and we are preparing a plan to deal with the situation. The Centre should take a call and address the issue,” TPDA president M Amarender Reddy said. All India Consortium of Indian Petroleum Dealers joint secretary Rajiv Amaram echoed his views and said there was a need to take immediate measures to meet the fuel requirement of the State in the coming days. The shortage was due to the increase in bulk supply rates of diesel which had been increased by around Rs 22 per litre as part of the price fluctuation on a regular basis. The oil companies increased the bulk supply rate as the price per barrel increased due to multiple international and national market conditions, the dealers said. In addition to this, the oil companies that used to supply fuel at a cheaper cost to bulk buyers including industries and the Telangana State Road Transport Corporation etc., have rolled back the discount offered apart from increasing the price. All these factors have resulted in bulk buyers depending on dealers instead of procuring diesel from oil companies and as a result, the State was facing a shortage of diesel. Another factor that resulted in the shortage was that oil companies were asking for advance payment from dealers. Earlier the payment was done on the day the stock was delivered and credit was also given to some dealers. But now oil companies were asking for payment three to four days before delivery, leading to some dealers being unable to procure the diesel.


PostedOn: 29 Jun 2022 Total Views: 124




We'll give bumper jobs in 1 month, it'll...

We'll give bumper jobs in 1 month, it'll be so gra...

After taking oath as Bihar Deputy CM on Wednesday, Rashtriya Janata Dal (RJD) leader Tejashwi Yadav said that the state government will give "bumper" jobs to the poor and youth within one month. "It will be something so grand that it's never happened before," he added. "Bihar did what the country ne...

11 Aug 2022

They want more sponsorship: Gavaskar on ...

They want more sponsorship: Gavaskar on demand to ...

Talking about foreign ex-cricketers demanding Indian players' presence in foreign leagues, Sunil Gavaskar said, "They want their leagues to have more sponsorship." He added, "They're concerned about their cricket." He stated, "When Indian cricket looks to protect its cricket by ensuring...players st...

11 Aug 2022

Non-stop Covid transmissions fuelling ne...

Non-stop Covid transmissions fuelling new variants...

Hyderabad: Unabated transmission of Omicron variants in Telangana and elsewhere in the country are contributing in a big way towards formation of new sub-variants. As a result, there is always a possibility that any of the new variant could turn-out to be severe, just like the Delta variant, genetic...

11 Aug 2022

Booster dose is must for all: LNJP docto...

Booster dose is must for all: LNJP doctor on risin...

Raising concern over the rising COVID-19 cases in Delhi, Lok Nayak Jai Prakash Narayan (LNJP) Hospital MD Dr Suresh Kumar on Saturday said it's necessary for all to take the booster dose of COVID-19 vaccine. "Positivity rate has gone up along with hospitalisation," he said. "People need to be alert,...

06 Aug 2022

CWG 2022: Wrestlers Deepak Punia, Bajran...

CWG 2022: Wrestlers Deepak Punia, Bajrang Punia, S...

Birmingham: Indian wrestlers dominated the opening day of the competitions by clinching three gold medals, at the ongoing Commonwealth Games in Birmingham on Friday. While Bajrang Punia won gold to defend his title from Gold Coast, Deepak Punia defeated Pakistan’s Muhammad Inam at the Coventry Arena...

06 Aug 2022

Sudhir wins India's first-ever gold meda...

Sudhir wins India's first-ever gold medal in para ...

India's 27-year-old para powerlifter Sudhir clinched gold medal in the men's heavyweight category, taking India's medal tally at CWG 2022 to 20. It is India's first-ever gold medal in para powerlifting in the history of CWG. Sudhir had a best lift of 212 kg and he finished with 134.5 points in the f...

05 Aug 2022

Women banned from appearing in ads in Ir...

Women banned from appearing in ads in Iran over ad...

Iran's Ministry of Culture and Islamic Guidance has banned women from appearing in adverts under the country's strict rules. The announcement came after a commercial featuring a woman biting an ice cream. Iranian officials ruled that the advertisement went "against public decency" and was an "insult...

05 Aug 2022

India records 20,551 new COVID-19 infect...

India records 20,551 new COVID-19 infections, 70 f...

New Delhi: With 20,551 new coronavirus infections being reported in a day, India’s tally of COVID-19 cases rose to 4,41,07,588, while the active cases declined to 1,35,364, according to the Union Health Ministry data updated on Friday. The death toll climbed to 5,26,600 with 70 new fatalities, the d...

05 Aug 2022