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Magadh Today - Beyond Headlines > Latest News > India > Fuel stations run empty amid panic buying in Punjab
IndiaPunjab

Fuel stations run empty amid panic buying in Punjab

Gulshan Kumar
Last updated: 2024/01/02 at 7:02 PM
By Gulshan Kumar 2 years ago
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Chandigarh, Long queues of vehicles and growing concerns marked fuel stations across various districts of Punjab as panic buying ensued on the second day of a strike by oil tanker drivers. Despite petroleum companies maintaining ample stock at bulk storage points, including Bathinda, retail outlets faced depletion as tanker drivers refused to transport supplies.

The ongoing strike, affecting an estimated 1 lakh trucks, private buses, and tankers in the state, resulted in fuel shortages and disrupted supplies. Bathinda, a crucial bulk storage point for major public sector players, witnessed several fuel stations reporting complete exhaustion of diesel.

Petrol pump dealers highlighted that the strike was triggered by drivers protesting against the provision of an increased jail term for hit-and-run cases under new rules. Transport company operators stated that the stringent provisions in the central law led to drivers fearing potential mob lynching in the event of accidents.

Vivek Garg, a transport company operator, mentioned that the strike has halted all commercial transport supplies, and the future course of action will be announced after three days of the strike that commenced on Monday.

Fuel stations in Ludhiana district reported a complete depletion of stocks, affecting daily commuters and leading to a surge in prices. Additionally, the strike impacted the supply of fruits and vegetables, causing rates to skyrocket in a single day.

While petroleum companies assured ample stock at storage facilities, the strike’s continuation could potentially impact public transport and escalate the situation. The looming uncertainty has prompted residents to resort to panic buying, further exacerbating the fuel shortage.

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