Oil PSUs report sharp rise in demand for diesel, petrol in Telangana
Telangana is experiencing a notable rise in demand for diesel and petrol, driven by increased agricultural activities and grain procurement. Public sector oil marketing companies report a shift of consumers from private suppliers to their outlets due to competitive pricing. Despite the surge in demand, the supply chain remains stable, with companies ensuring adequate availability of fuel across the state.
- ▪Diesel sales increased by 12.6% and petrol by 9% in Telangana compared to the same period last year.
- ▪Five districts recorded over 25% growth in diesel sales from PSU retail outlets.
- ▪Public sector oil marketing companies are coordinating logistics to maintain uninterrupted fuel supply.
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Telangana is witnessing a significant increase in demand for petroleum products in recent times due to intensified agricultural and harvesting activities as major grain procurement operations are under way in the State, according to an official statement issued on behalf of PSU oil marketing companies IOC, BPCL and HPCL.Further, retail consumers of other suppliers (private oil firms) are increasingly shifting to public sector retail outlets due to competitive pricing. Institutional and commercial consumers are also preferring PSU retail outlets owing to the price advantage, the companies said on Monday.During the first three weeks of May, diesel sales increased 12.6% and petrol by 9% in the State compared to same period of previous year.
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