Gasoline, Diesel is likely to be cheaper in several places for this reason — Check details | India news

New Delhi: Oil Manufacturing Companies (OMCs) have decided to raise the dealer commission paid to petrol pump dealers, a move that is expected to benefit consumers living in the remote areas of the country as the prices of petrol and diesel are likely to register a significant drop.

“#IndianOil is pleased to announce a revision of dealer margins (with effect from October 30, 2024), following the resolution of a pending litigation. This will have no further impact on the retail selling price of products. This will further strengthen our collective determination to improve standards of customer service and welfare of staff employed in retail outlets,” Indian Oil Corp Ltd wrote on X Tuesday.

“Furthermore, demonstrating the core value of Nation First, is our endeavor to provide affordable petrol and diesel across the length and breadth of the country on a sustained basis. #IndianOil has undertaken intra-state rationalization of freight, which will reduce variation in the retail selling price of products across different markets in a state, except in geographic areas where a model code of conduct is in place.Happy Party!” the Indian oil added.

Meanwhile, Union Petroleum and Natural Gas Minister Hardeep Singh Puri welcomed the announcement and said it is a Dhanteras gift to the people.

“On the auspicious occasion of Dhanteras, a big gift given by oil companies to petrol pump dealers is warmly welcomed! The demand that was pending for 7 years has been fulfilled!” wrote the Union Minister on X.

He added that consumers will get better service, but there will be no increase in the prices of petrol and diesel.

He said that also an important decision taken by the oil companies to rationalize interstate movement of goods for the benefit of consumers located in remote places far from petrol and diesel depots of oil marketing companies, adding that it will make petrol and diesel cheaper for consumers in many places.

“I welcome the announcement by OMCs to increase the dealer commission payable to petrol pump dealers and the decision to undertake intra-state freight rationalization for the benefit of consumers located at remote locations (far from petrol and diesel depots of OMCs ), which will result in a drop in petrol & diesel prices at several places in the country.(Decision in poll-bound states and constituencies will be implemented later),” said the Union Minister.

He added that “this reflects the vision of Prime Minister Narendra Modi to bring even remote areas at par with the rest of the country in terms of amenities for our citizens, such as the North Eastern region, which is connected by world-class road, air and road. railway infrastructure”.

“For example, in Kunanpally & Kalimela in Odisha’s Malkangiri, petrol price will be reduced by Rs 4.69 & Rs 4.55; and diesel price will be reduced by Rs 4.45 & Rs 4.32. Similarly, the price will be reduced by Rs 2.09 in petrol price and Rs.2.02 in diesel price in Chhattisgarh’s Sukma,” the Union minister said.

He pointed out that the increase in dealer commission will improve service to approximately 7 crore citizens who visit our fuel outlets in the country every day without increasing fuel prices.

Hardeep Singh Puri further said that the fulfillment of this demand, which is pending for the last 7 years, will bring joy and happiness in the lives of petrol pump dealers and nearly 10 lakh employees working at more than 83,000 petrol pumps across the country.

“The way for these historic decisions was paved by positive decisions taken by the Modi government and all the petrol dealers’ associations who met in our meetings over the last few months and agreed to withdraw all pending litigation on issues related to marketing discipline. Guidelines (MDGs),” added the EU minister.