About 70,000 petrol pumps across the country have come forward today in protest against the oil companies for increasing the commission on petrol and diesel. The owners of these petrol pumps have announced not to buy petrol and diesel from Oil Marketing Companies (OMCs) on May 31.
Pump owners say that after the increase in the retail prices of petrol and diesel, petroleum companies are making huge profits, but there has been no increase in the commission of the dealers. On Tuesday, about 70,000 petrol pump owners in 24 states of the country are protesting against the hike in fuel commission. He has announced not to buy oil from companies for a day.
This protest is being organized by the petrol dealer organizations of the states. Anurag Jain, president of Delhi Petrol Dealers Association, said, “This protest will not have any impact on retail sales and customers. There is a stock of two days at the petrol pumps. Therefore, they will sell petrol and diesel to retail customers on Tuesday as well. Its effect will be limited to purchases from companies only.”
Petrol dealers from 24 states are joining the protest. In addition to North Bengal, Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, Delhi, Punjab, Haryana, Rajasthan, Gujarat, Maharashtra, Himachal Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Mizoram, Nagaland, Manipur, Tripura, Sikkim are included and many dealers in Uttar Pradesh and Madhya Pradesh.
Dealers organizations allege that as per the agreement between Oil Marketing Companies (OMCs) and dealers, margins for dealers should be changed every 6 months, but there has been no change since 2017. During this it almost doubled.
Not only this, during this time the dealers also had to invest double the capital for the business, for which they took more loans and now the interest is also high.
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