Hyderabad Fuel Crisis: 'No Stock' Boards at Pumps Amidst New OMC Rules

• Hyderabad faces severe fuel shortage with 'No Stock' boards appearing at petrol pumps, causing panic among motorists.
• The crisis is attributed to new financial regulations by Oil Marketing Companies (OMCs) requiring upfront payment from pump owners, replacing the previous credit facility.
• Hundreds of pumps have shut down due to outstanding dues, leading to an artificial shortage despite ample state reserves.
• Rumors of fuel scarcity caused long queues and traffic jams across the city, prompting police intervention.
• Civil Supplies Department clarifies ample reserves exist, urging public not to panic and avoid dangerous fuel storage.