Bangalore, July 2 (UNI) The city, which boasts of the highest number of two wheelers in the country, was put to great hardship as regular quality petrol went out of sale while long queues piled up before petrol pumps due to shortage.
Sources said the oil companies had stopped supply of regular quality petrol while the stock of diesel was progressively running out.
Karnataka Petroleum Dealers Association President Bhushan Narang told UNI the oil companies were unable to source enough supply to the city. Shortage was also being experienced in some other parts of the state, he said.
''There is a serious shortage of petrol and the situation may get worse in the next one to two weeks. Right now there is shortage of regular petrol and diesel and shortly, the stock may run out completely,'' he said.
A top official of state-owned Indian Oil Corproation refused to comment on the shortage when contacted.
Most of the petrol bunks in the city have put up the board of non availability of regular petrol and diesel and were selling only the premium variety.
Long queues of cars were seen since this morning and the situation had not eased till now.
Sources said the oil companies which have suffered huge losses in the wake of the high surge in crude prices were trying to push their premium brands to make up for the losses.
They had submitted a proposal to the Centre on their intention of selling more premium variety of petrol and diesel to make up the losses.
The losses had continued despite the hike effected in petroleum prices effected by the Centre.
Meanwhile in Gulbarga, petrol dealers went on strike today demanding the state government to reduce local taxes on petroleum products.
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