No fuel buffer stock in IOC depot Yet another round of scarcity stares State in the face

No fuel buffer stock in IOC depot; Yet another round of scarcity stares State in the face

Source: The Sangai Express

Imphal, February 26 2015: The Indian Oil Corporation (IOC) is unable to maintain buffer stock of fuel at their Chingmeirong depot which implies a crippling crisis in the event of any bandh, blockade or general strike along Imphal-Dimapur highway for four continuous days.

The capacity of the Chingmeirong depot is 840 Kl for petrol and 3000 Kl for diesel.

But the IOC is unable to keep these volumes of petrol and diesel untouched as buffer stocks, informed an official source.

Average daily demand of the State is 160 Kl of petrol and 450 Kl of diesel.

Corresponding to the ever growing number of vehicles, the demand for petrol and diesel has also been rising every month.

This is accentuated by the number of projects being implemented in different parts of the State.

The existing capacity of IOC’s Chingmeirong depot is quite incompatible with the ever growing demand for fuel.

File pic of the IOC depot at Imphal

IOC officials are having a hard time thinking about maintaining buffer stocks of petrol and diesel.

Since the past few days, fuel are being supplied to ROs after siphoning off the day’s required volume from the depot.

As fuel are being allocated based on the degree of demand, diesel stocks have dried up in some ROs.

Given the vulnerability of the National Highways connecting Imphal with other parts of the country to the vagaries of monsoon, it is crucial to stock fuel at the Chingmeirong depot up to its full capacity before the onset of rainy season.

via NorthEast Calling http://ift.tt/1wp7Ktp