Fuel supply stable in Maharashtra: Govt urges no panic buying amid demand surge
Synopsis
Key Takeaways
The Government of India, the Maharashtra government, and public sector oil marketing companies (OMCs) — BPCL, IOCL, and HPCL — on Friday, 29 May 2026, jointly assured residents that adequate stocks of petrol, diesel, and LPG are available across the state, with supplies described as stable, closely monitored, and uninterrupted. The assurance comes as geopolitical tensions in the Middle East continue to ripple through global energy supply chains, triggering anxiety among consumers.
Demand Surge Behind the Reassurance
According to a release issued by Mihir Ganesh Joshi, State Level Coordinator (Oil Industry), Maharashtra, PSU oil companies have maintained uninterrupted supplies despite a sharp rise in fuel demand. The spike has been driven by intensified farming and agricultural activity across multiple districts, seasonal rural consumption patterns, and panic buying fuelled by fears of possible fuel price hikes.
A further demand pressure has emerged from customers migrating from private fuel retailers to PSU retail outlets, reportedly due to price differentials between the two.
Supply Numbers at a Glance
Between 1 May and 21 May 2026, PSU OMCs supplied 402 TKL of petrol and 789 TKL of diesel across Maharashtra. In the compressed window of 22 May to 28 May 2026 alone, an additional 284 TKL of diesel was dispatched to address a sudden demand spike.
Cumulatively, over the full period of 1 May to 28 May 2026, PSU oil companies supplied 527 TKL of petrol and 1,073 TKL of diesel statewide. Demand growth figures tell a sharper story: petrol demand rose 17.24% and diesel demand surged 27.25% over the same period. In the final week alone (22–28 May), diesel demand recorded a record 43.37% growth.
Crackdown on Hoarding and Black Marketing
Authorities have moved to contain illegal stockpiling. District collectors have been directed to conduct inspections and enforcement drives under the Essential Commodities Act, 1955. As of the date of the release, 332 raids have been carried out, resulting in 9 FIRs, 15 arrests, and the seizure of 75,595 litres of illegal diesel and 197 litres of petrol.
Retail outlets across the state are reported to be functioning efficiently, with isolated demand-supply mismatches noted only in a few hinterland areas.
Government's Appeal to Citizens
All three tiers of authority — the Centre, the Maharashtra state government, and the PSU OMCs — have appealed to citizens to refrain from panic buying or hoarding. Officials have reiterated that supply chains remain robust and that there is no basis for consumer anxiety about shortages.
With the agricultural season at its peak and global energy markets in flux, how quickly panic-driven demand normalises will determine whether the current supply buffer holds through June.