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Indian Oil Corporation (IOC), the nation's largest lipid firm, connected Saturday (May 23, 2026) said determination was no wide shortage of petrol and diesel successful the state and described substance outages reported astatine immoderate retail outlets arsenic "highly localised" and temporary, caused by determination demand-supply mismatches and shifting income patterns.
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The State-owned substance retailer said higher request astatine definite outlets was driven by a seasonal emergence successful diesel depletion during the harvesting season, migration of customers from backstage pumps wherever retail prices were comparatively higher, and accrued organization purchases astatine nationalist assemblage outlets arsenic bulk substance supplies were being priced successful enactment with elevated planetary rates.
The institution said petrol income during May 1-22 roseate 14% year-on-year, portion diesel income accrued astir 18%, reflecting "sustained and exceptionally high" maturation successful request that it continued to conscionable crossed the country.
In a statement, IOC said it "wishes to reassure customers and the wide nationalist that determination is nary wide shortage of petrol and diesel successful the country. The existent concern being witnessed astatine definite retail outlets is highly localised and impermanent successful nature, arising owed to section demand-supply imbalances and redistribution of income patterns successful prime areas".
It said lone a "very tiny number" of outlets successful its web of much than 42,000 substance stations had witnessed proviso disruptions, portion stocks and supplies astatine the bulk of pumps remained mean and adequate.
The higher request being witnessed astatine immoderate locations is attributable to "seasonal summation successful diesel request during the ongoing harvesting period, impermanent displacement of customers from definite backstage retail outlets, owing to comparatively higher retail prices astatine immoderate backstage pumps, and accrued migration of organization and commercialized request to PSU retail outlets, arsenic bulk and organization supplies are presently priced importantly higher successful enactment with prevailing planetary marketplace prices".
IOC added that State-owned lipid selling firms continued to support capable substance inventories nationwide and were taking steps to code isolated disruptions and guarantee uninterrupted supplies.
"Despite this sustained and exceptionally precocious maturation successful demand, IndianOil continues to consistently conscionable lawsuit requirements crossed the country." It besides urged consumers to debar panic buying, reiterating its committedness to maintaining seamless substance availability crossed the country.
"IndianOil, on with different lipid selling companies (OMCs), continues to support capable wide stocks and supplies of petrol and diesel crossed the country," the connection said.
"The institution is intimately monitoring the concern and taking capable measures to code these isolated situations and guarantee uninterrupted substance supplies to consumers," IOC said. It remains committed to maintaining seamless substance availability crossed the state and requests customers to debar unnecessary panic buying.
