Why are petrol bunks in Hyderabad showing ‘No Stock’ boards? It is not fuel shortage, clarify dealers
Petrol dealers clarified that the current ‘No Stock’ situation is a localised logistical bottleneck rather than a depletion of national reserves. The disruption was caused by a dual holiday and rigid financial protocols.
By Newsmeter Network
Hyderabad: Over the past weekend, several petrol bunks across the city displayed ‘No Stock’ boards, sparking immediate rumours of a potential fuel crisis.
The videos of petrol bunks in Attapur, Uppal, Ghatkesar and other regions showing ‘No Stock’ boards have gone viral on social media. However, the lack of stock this time is not due to the shortage of fuel.
What caused the shortage?
Petrol dealers clarified that the current ‘No Stock’ situation is a localised logistical bottleneck rather than a depletion of national reserves. The disruption was caused by a dual holiday and rigid financial protocols.
Explaining the situation, Vinay Kumar, a petrol dealer and former General Secretary of the Petrol Pump Association of Telangana, stated, “There is no need for the public to panic; there is no actual stock shortage. The ‘No Stock’ boards appeared because depots were closed for two consecutive days due to Ramzan and Sunday.”
He further added, “Usually, depots never close for two days, but this time the holidays coincided. The major issue for dealers right now is the ‘advance payment’ system to the oil companies. Because of the two-day bank holiday, we couldn’t deposit money, and without the information that the depot would be closed for two days, many couldn’t adjust their funds on Friday.”
'We have petrol reserves'
Vinay Kumar further clarified that there is no need for the public to panic as there are petrol reserves and no shortage. The closed bunks were only a result of some dealers facing issues with making payment up front and due to other internal issues.
The recent LPG crisis
The sight of dry pumps triggered a wave of panic-buying at the few functional stations.
With the recent LPG crisis, especially in the commercial sector, the public remains on edge. This crisis was largely attributed to escalating global tensions surrounding the US- Israel-Iran war.
With global geopolitical instability looming, many citizens jumped to the conclusion that the sudden lack of petrol was the next wave of a worldwide fuel crunch.
