CHANDIGARH: As crude oil prices soar to record highs, panic buying of diesel has started in Punjab with a 70 per cent rise in sales as compared to the same period last year. People fear that the prices of fuel will be hiked once the poll results of five states, including Punjab, are out on March 10.
Adding to the chaos is the approaching harvest season. Farmers are stocking diesel for machines used to harvest the standing wheat crop. Petroleum companies say that the sale of diesel is up from 1,09,600 KL in the February 22 -28 period last year to 1,85,900 KL this time.
