Gasoline Diesel: Oil traders’ associations are angry after the excise tax cut on petrol and diesel prices. According to the petrol pump operators, they are incurring a lot of losses due to the constant price stability and hence the reduction of the production tax. They will protest across the country tomorrow against any amendment to their committee. According to a statement from the Petroleum Merchants Association, approximately 70,000 pumps in 24 states will not purchase gasoline and diesel from OMCs tomorrow, which is Tuesday, May 31.
What did the Petroleum Traders Syndicate say?
The protest escalated by a group of the State Petroleum Traders Association. During the press conference on Monday, Delhi Petroleum Traders Association Chairman Anurag Jain said the move was unlikely to affect retail supplies to customers as the pumps usually had a two-day stockpile and the pumps would continue to sell fuel on Tuesday. According to the Merchants Association, there was an agreement between OMCs and merchant associations that merchant margin would be reviewed every six months. It has not been revised since 2017.
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protests in these cities
Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, Delhi, Punjab, Haryana, Rajasthan, Gujarat, Maharashtra, Himachal Pradesh, Bihar, Assam, Meghalaya, Mizoram, Nagaland, Manipur, Tripura, Sikkim, Arunachal Pradesh are the states in which there are states The pump protests will protest and refrain from buying fuel. The North Bengal Traders Association and traders from parts of Uttar Pradesh and Madhya Pradesh also pledged to join the protest. About 400 petrol pumps in the national capital will not buy fuel Tuesday, while 6,500 pumps will join the protests in Maharashtra. Let’s report that Reliance BP said earlier that it has suffered a lot due to the stable prices of petrol and diesel.