Jio-bp Limits Diesel Sales Amid Supply Disruptions in India
Jio-bp caps diesel at 50 litres per customer daily amid supply crunch
Mint
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Jio-bp, a joint venture between Reliance Industries and UK-based bp, has implemented a 50-litre daily cap on diesel sales per customer at its petrol pumps in India due to supply disruptions linked to the ongoing war in West Asia. This decision affects transport operators, particularly those using long-haul trucks and buses.
- 01Jio-bp has capped diesel sales at 50 litres per customer daily.
- 02The cap impacts transporters, especially long-haul truck and bus operators.
- 03Monthly fuel procurement quotas have been set lower than previous levels.
- 04Despite the cap, petrol sales remain unaffected due to smaller purchase quantities.
- 05Jio-bp claims all stations are operational and stocked despite supply challenges.
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Jio-bp has introduced a 50-litre cap on diesel sales per customer at its petrol pumps in India, a move prompted by supply disruptions stemming from the ongoing war in West Asia. This cap significantly affects transport operators, particularly those managing long-haul trucks and buses that typically require 300-350 litres for refueling. Alongside the cap, Jio-bp has also imposed monthly fuel procurement quotas for its pumps, which are set lower than previous sales figures from February. Dealers report a 30% drop in diesel sales following the new restrictions. While petrol sales have not been impacted due to smaller purchase sizes, the overall fuel supply situation in India remains stable, according to the petroleum ministry. Jio-bp maintains that all its stations are fully operational and stocked, despite the ongoing challenges in global oil supplies. The company has also stated that there are no mandates limiting fuel dispensing, countering concerns raised by dealers. However, fuel retailers continue to face challenges with oil marketing companies, which have shifted to advance payment models for fuel supplies.
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The cap on diesel sales could lead to increased operational challenges for transport operators, potentially affecting logistics and transportation costs.
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