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Thread: Diesel supply hit in south
04-25-2012, 10:30 AM #1
Diesel supply hit in southDiesel availability across various locations in the south, particularly Tamil Nadu and Karnataka, remains under strain following shutdown of the MRPL refinery in Mangalore earlier this month.
The shutdown, necessitated due to water shortage, has forced the state-owned oil marketing companies to rework their sourcing arrangements to meet the demand for diesel, which is galloping. “Lot of product is moving from one location to another,” an official of Indian Oil Corporation said. The power crisis was fuelling the demand for diesel, he said, adding that the growth registered this month was in the range of 35-40 per cent. The problem, sources in the oil industry said, surfaced when retail outlets of Hindustan Petroleum Corporation Ltd in many parts of Tamil Nadu ran out of diesel stock for the past few days. “There is shortage of Euro-III diesel, which is supplied in non-metro cities,” the IOC official said.
Confirming this, an official of HPCL said on Tuesday that the company was assured of 1,500 kilo litres of diesel supply, but that was not enough to last beyond a day. Ever since the MRPL shutdown much of the product from Chennai Petroleum Corporation Ltd refineries was being taken by IOC, he said, adding an industry meeting was held here on Tuesday to take stock of the situation. CPCL is a group company of IOC....being a human...
04-25-2012, 12:43 PM #2