While panic buying can result in a sudden increase in the cost of goods, it is distinct from looting as it does not entail theft or deliberate property damage.
Panic buying of petrol began to close some petrol stations as motorists queued for fuel which was beginning to be rationed and reports of garages increasing their prices substantially.
Some propose it has psychological effects like reducing panic buying, discouraging people from making small purchases on a daily basis, or emphasizing the shortage and further discouraging unnecessary trips.
