Auto strike bleeds oil companies

The LPG outlets run by oil marketing companies - Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) - on Monday said they suffered losses of more than Rs one crore due to the autorickshaw strike.

Bangalore has 84 auto LPG fuel stations, most of which wore a deserted look on Monday. The government also lost a huge sum on taxes.

Supplies hit
“We supply around 53 tonnes of auto LPG to fuelling stations every day. Also, on Mondays, the demand is slightly higher at 60 tonnes. We incurred a loss of Rs 51 lakh today,” said a source from IOC. Sources from BPCL added that they lost Rs 53 lakh as their daily supply is around 100 kilolitres.
DH News Service

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