Panic buying was primarily observed in states bordering Pakistan, where residents rushed to stock up on essential commodities like fuel and LPG amid rising border tensions.
New Delhi: Amid rising India-Pakistan tension, Indian Oil Corporation (IOC), the nation’s largest oil firm, on Friday assured the public that there is no need for panic buying, stating that there are sufficient stocks of fuel and LPG available across the country to meet all demands.
The statement comes after social media was flooded with posts and videos showing people queuing at petrol pumps to stock fuel as tensions between India and Pakistan escalated.
‘No need for panic buying-fuel and LPG’
In an X post, IOC said, “Indian Oil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no need for panic buying-fuel and LPG are readily available at all our outlets.”
IOC advised the citizens to stay calm and avoid unnecessary rush, which will help the company in keeping their supply lines running seamlessly and ensure uninterrupted fuel access for all. “Help us serve you better by staying calm and avoiding unnecessary rush. This will keep our supply lines running seamlessly and ensure uninterrupted fuel access for all,” IOC said.
Panic buying in states bordering Pakistan
Panic buying was mostly witnessed in states bordering Pakistan.
Several towns in Jammu and Kashmir and Punjab enforced blackouts after Pakistan’s armed forces launched multiple attacks using drones and other munitions along the entire western border on the intervening night of May 8-9. The Indian Army said the attacks were “effectively repulsed”.
These had led to a fear of escalation in tension and panic buying.
India on Wednesday struck at nine sites in Pakistan-occupied Kashmir and Pakistan, its deepest strikes inside Pakistan in decades, in retaliation for a deadly terrorist attack two weeks before. Thereafter, Pakistan attempted to unleash drones and missiles at Indian military targets in more than a dozen cities and towns, many of them home to air force bases.
Also Read: Operation Sindoor: Over 400 flights cancelled, 27 airports closed amid rising India-Pak tensions
Also Read: Pakistan stock market after Operation Sindoor: KSE-30 tanks over 7 per cent, trading halted
