Petroleum dealers blame institutional procurement for fuel crisis
The Consortium of Indian Petroleum Dealers has attributed the ongoing fuel crisis to institutional procurement practices. They argue that the direct purchase of High Speed Diesel from retail outlets has caused operational challenges and inflated sales figures. The CIPD is urging the government to enforce procurement through traditional supply channels to stabilize the situation.
- ▪The CIPD blames institutional procurement for chaos at retail fuel outlets.
- ▪High Speed Diesel sales at Government Oil Marketing Companies have surged unusually.
- ▪The dealers are facing severe operational challenges due to these procurement practices.
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The Consortium of Indian Petroleum Dealers (CIPD) has squarely blamed the institutional procurement of High Speed Diesel (HSD) for causing prolonged queueing and unexpected chaos at the retail outlets. The trend became obvious in the wake of the logistical constraints linked to the Strait of Hormuz and the ordeal faced by the public at the retail outlets.The outlets belonging to the Government Oil Marketing Companies (OMCs) witnessed unusually high HSD sale volumes compared to their historical averages recently. Though the increased sale, on the face of it, appeared positive, the dealers faced severe operational and supply-related challenges across the country.
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