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Days after price hike, Chennai petrol pumps run dry

CNN-IBN
May 28, 2012 at 05:23pm IST

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Chennai: Just days after the Rs 7.50 per litre petrol price hike, there now seems to be a shortage of petrol in Chennai. Most of the petrol pumps in the city are running dry and the few that are open are witnessing massive crowds with people queuing up with cans and bottles to get petrol.

While the petrol pump associations are blaming oil companies for not supplying enough fuel, oil companies have vehemently denied any shortage.

Tamil Nadu Petroleum Dealers Association President M Kannan said there was shortage of supply of petrol and diesel due to reported under production by the refineries.

Dismissing the charge of hoarding by retailers, he said there were penal provisions for such action. "Why should we hoard petrol. Any consumer can make a complaint to the authorities who can verify the stock."

He said the worst hit were retailers of Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

But city motorists are puzzled at the development days after the steepest increase in petrol price. Sivam, an auto driver, wondered, why petrol was not being sold despite 'such a hefty increase in its selling price.'

Spokesperson of a city-based refinery, mainly catering to Indian Oil Corporation, here denied any shortage of supplies on their side, saying "operations are normal" and that petrol was being supplied to oil marketing companies after the refining process.

Oil companies last week raised the price of petrol by Rs 7.50 per litre. The petrol price in Chennai went up to Rs 77.53 per litre.

(With additional information from PTI)

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