On the eve of Diwali, the oil companies announce rationalizations within the state

On the eve of Diwali, oil marker companies have decided to increase the commission payable to petrol pump dealers and undertake intra-state freight rationalization for the benefit of consumers located in remote locations (far from petrol and diesel depots of OMCs). The decision will help to lower fuel prices in several parts of the country.

Official sources said this decision would be implemented later in poll-bound states and constituencies.

“This reflects Prime Minister Narendra Modi’s vision to bring even remote areas at par with the rest of the country in terms of facilities,” Petroleum Minister Hardeep Puri said.

Kaza in Himachal Pradesh will see petrol price reduced by Rs 3.59 per liter and diesel by Rs 3.13 per litre. Uttarakhand’s Badrinath will see oil price fall by Rs 3.83 per litre. liter and diesel at Rs 3.27 per litre.

Puri said the dealer commission hike would improve services to approximately 7 crore citizens visiting fuel outlets in the country every day and that too without increasing fuel prices.

“The fulfillment of this demand, which has been pending for the last seven years, will bring happiness in the lives of petrol pump dealers and nearly 10 lakh employees working at more than 83,000 petrol pumps across the country,” he said.