04 July 2008; timesofindia.indiatimes.com: BANGALORE: 'No Stock' boards and empty petrol bunks. Relaxed employees of fuel stations in Bangalore gestured to vehicles driving in on Thursday that there's no supply. Several bunks across the city went dry on Thursday. While many outlets did not have stock, several did not have the 'normal' petrol, forcing people to buy 'premium' fuel. According to a petrol bunk manager near Jayanagar 4th Block, there has been no fuel supply for the past three days. This bunk, among the highest-selling IBP outlets in the state, used to get around 20 kilolitres of fuel every day. With the severe scarcity, the bunk has been promised at least 10 KL, a 50% drop in supply. The estimated loss is more than Rs 3-4 lakh per day and they are requesting the company to at least provide 50% of the supply, he said. The same situation across many bunks forced consumers to flock to outlets which had some stock. Though some bunks didn't display the 'No Stock' board, they still turned customers away. According to Bhushan Narang, president, Karnataka Petrol Dealers' Association, with oil companies not supplying enough fuel, the bunks are closing once the stocks are over. "If situation persists for some time, we might adopt a 7 am to 7 pm business policy and will sell fuel till the prescribed stock for day gets over," Narang said. He explained that there is a demand for about 5 lakh litres of fuel per day but the oil companies are supplying only about 3-3.5 lakh litres, an almost 30% reduction. As the demand is growing due to panic buying among consumers, supply is being reduced. This shortage may lead to rationing of fuel in the city.
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