Petrol Dealers Postpone Protest Against Daily Price Revision

Posted By: Religare
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All India Petroleum Dealers Association has said that it has deferred till month-end their planned 'no-purchase, no-sale' agitation against daily revision in fuel prices on expectations that oil companies will raise their sales commission.

Petrol Dealers Postpone Protest Against Daily Price Revision

All India Petroleum Dealers Association, which claims to represent petrol pump operators in 23 states, had called on its members not to buy any fuel from oil companies or sell any petrol and diesel to consumers on July 12.

Commenting on the issue, AIPDA president Ajay Bansal told the media, "The Petroleum Ministry has directed the oil marketing companies (OMCs) to decide on raising dealers commission by July 31."

Also, the oil companies have promised to study the implementation of the daily price revision till August 15 to see if the dealers actually suffer any losses. In view of this, we have decided to defer the agitation till August 1," Bansal said.

"Dealers say they suffer losses as they buy petrol and diesel from oil companies at one rate but the very next day rates would be cut. Buying at x price and selling at x minus 1 is leading to huge losses for dealers," he said.

Read more about: petrol, diesel, crude oil
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