IOC says fuel shortages localised as PSU pumps absorb private retail spillover
Indian Oil flags petrol sales up 14% and diesel up 18% in May, citing harvest-season demand and bulk buyers shifting from pricier private retailers to PSU outlets. Localised demand spikes of 20-30% strained some of its 42,000 outlets, but supply is adequate.
What happened
Indian Oil Corporation · IOC says petrol/diesel shortages at some fuel retail outlets are localised and temporary, driven by harvest-season demand and bulk
Key facts
- 42,000 retail outlets
- petrol sales +14%
- diesel sales +18%
- Rs 40-42/litre price gap
- 20-30% localised demand growth
- 90% market share
Why this matters
Persistent PSU-private price gap is widening the volume moat at 90% share—monitor whether private retailers retrench further or seek partnership/divestment options in select geographies.