Nagpur: The no-credit system implemented by PSU oil marketing companies following the West Asia crisis led to five to six petrol outlets shutting down temporarily on Monday.Earlier, the oil companies sold stock, especially diesel, on credit. The practice was stopped after the crisis. Now the funds have to be deposited in advance. Some outlets ran dry as the money was not deposited, said sources.Federation of Maharashtra Petroleum Dealers Association Nagpur branch president Amit Gupta said the new system has affected trade cycle. As the pumps got fuel on credit, it was further sold to the customers on a deferred payment basis. However, even as the credit from oil companies has stopped, recoveries remain an issue.
