The wider picture
The panic was reportedly caused by misinformation related to the ongoing conflict in West Asia, which has raised global concerns about oil supply. Long queues were witnessed at fuel stations across Ahmedabad as residents rushed to fill their tanks amid fears of a petrol shortage. This situation has been exacerbated by a sudden change in payment systems implemented by oil marketing companies, leading to confusion among consumers.
Despite the visible panic, the state government has assured citizens that there is enough stock of petrol and diesel in Gujarat. Deputy Chief Minister Harsh Sanghavi urged citizens not to panic over rumors of fuel shortages, stating, “There is enough stock of petrol and diesel available in the state and so people need not do hoarding or panic.” The Indian Oil Corporation also confirmed that adequate stock is available, further alleviating concerns.
However, the reality on the ground tells a different story, as approximately 30-40% of retail outlets in Gujarat are facing supply issues due to logistics difficulties. Several petrol pumps in Ahmedabad have temporarily shut down, leading to heightened anxiety among consumers. Sujata Sharma, a spokesperson for the Indian Oil Corporation, stated, “These are not dry outs. We have checked it from the field and all petrol pumps are working normally and adequate fuel is available at all such facilities.”
The panic buying situation was further fueled by misinformation related to the war in West Asia, which has driven crude oil prices up from USD 60 to USD 118-120 per barrel. Fuel retailers have reported that India has a 70-day reserve of crude oil, indicating that there is no current shortage. Additionally, the government is closely monitoring the fuel supply situation and holding regular review meetings to ensure that the situation remains under control.
In response to the refining losses faced by oil marketing companies, an advance payment policy for fuel dealers was implemented. This policy has contributed to the confusion and panic among consumers, as many are unsure about the availability of fuel. Harsh Sanghavi reiterated the government’s commitment, saying, “The government is fully prepared to ensure that petrol and diesel are available at all pumps.”
As the situation develops, officials are urging the public to remain calm and not to pay attention to rumors being spread through social media or WhatsApp. Harsh Sanghavi emphasized the importance of relying on verified information, stating, “People should not pay attention to rumours being spread through social media or WhatsApp.”
While the current panic has led to increased demand for petrol, the state government is confident that supply will stabilize soon. With a 5% increase in petrol supply and a 10% increase in diesel supply compared to two months ago, officials believe that the situation will improve in the coming days. Observers are hopeful that as misinformation is addressed and supply chains are restored, normalcy will return to Ahmedabad’s fuel market.
