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Informist, Thursday, May 21, 2026

 

--IOC: Facing logistics pressure as commercial sales moving to retail outlets

--IOC: Addressing logistics pressure from high demand at retail outlets

--IOC: Urge consumers to refuel as per normal requirement

 

NEW DELHI – Indian Oil Corp. Ltd. is facing pressure on logistics due to higher demand from commercial sales and private petrol pump sales moving to retail outlets, the state-owned oil marketing company said on Thursday. "We are committed to maintain smooth supply chain logistics for petrol and diesel," Indian Oil said, adding that its team "is trying to address" the concerns. 

 

The oil marketing company said this in a post on X, responding to reports of dry-outs at pumps across various locations, including Ranchi. "Our supply locations and ground teams are working tirelessly in close coordination to ensure sufficient product availability at our retail outlets in the country. We urge customers to refuel their vehicles as per normal requirements," the company said. 

 

Prices of petrol and diesel for commercial sale are unregulated and are linked to international crude oil prices, which have surged around 60% since the war in West Asia broke out on Feb. 28. The prices, which are generally reviewed every fortnight, have been increased accordingly. However, oil marketing companies kept the prices of petrol and diesel for retail use unchanged until Friday. 

 

The hike in prices of petrol and diesel for retail use was also a meagre INR 4 per litre, as against the market's expectation of an increase of INR 20-25 per litre. This has pushed users of commercial petrol and diesel to retail outlets due to the price differential. 

 

All oil marketing companies and government officials have said time and again that no dry-outs have been reported at retail outlets. Since the war broke out, Brent crude oil prices have surged around 60% and were around $105 per barrel on Thursday. "We are committed to maintain smooth supply chain logistics for petrol and diesel," Indian Oil said. Shares of the company were trading at INR 140.70 on the National Stock Exchange at 1402 IST, up 2% from the previous close.  End

 

US$1 = INR 96.37

 

Reported by Priyasmita Dutta

Edited by Avishek Dutta

 

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