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Petrol, Diesel, LPG, CNG: Ground Situation and Panic Buying

Bengaluru: Thanks to the ongoing war between the United States, Israel against Iran and the after-effects in the way of transporting crude oil and natural gases, a panic-like situation has been prevailing in parts of the country. This has been the predicament, despite government authorities assuring the countrymen from time to time that there are sufficient stocks and no need to raise an alarm! Hotels declare closure: No sooner did reports of the war's impact hit the headlines than they sparked a variety of repercussions on the ground. The hoteliers were the first to make a hullabaloo by issuing statements about the shortage of commercial LPG cylinders, while many other hotel owners were in a hurry to raise the prices of eatables and beverages. Some big hotels even went so far as to declare a closure, citing an inadequate supply of commercial gas cylinders.  Hoarding of petrol and diesel: Strangely, the paucity of LPG, CNG gases, domestic and commercial LPG cylinders was felt on...