Home / Economy / News / India stares at fuel shortage with spike in under-recovery at OMCs

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources

Oil, OMCs, Oil rig, Fuel, Indian Oil, Hindustan OIL, Bharat Petroleum, Petrol, Gas, LPG, Oil drilling, block, basin

Premium

Accepting there is an unprecedented growth in fuel demand, BPCL tweeted that states like Rajasthan and Madhya Pradesh saw a volume increase of 63 per cent and 43 per cent, respectively, on petrol and diesel.

Shine Jacob Chennai

4 min read Last Updated : Jun 16 2022 | 3:47 AM IST

As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit.

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources.

Government and state-run companies denied reports of any crisis or supply-side issues on the availability of fuel.

Major reasons for the current shortage, according to sources, are the stoppage of sale by private players like Reliance Industries and Nayara Energy as well as cut in supply

Topics : oil marketing companies OMCs Fuel BPCL oil crisis Fuel Crisis

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in