The petroleum supply will fall 1.2 million tons short of consumer demand in Guangdong during this year's fourth quarter, according to the Provincial Oil Industry Institute's forecast released yesterday (October 24), Information Times reports.

Vehicles are lined to wait for petrol at  a gas station in Guangzhou in 2005. (Information Times photo)

Petroleum price inflation is possible and even some private gas stations may face little to no profits and possible business end.

The recent forecast release states that supplies from two national tycoon vendors, Sinopec and CNPC, lag behind local market demand by some 400,000 tons.

Some oil products may be in serious shortage this month.