Petrol-Diesel: On the occasion of Diwali, the Central Government has given a big gift to crores of people of the country. For them, the rates of petrol and diesel have reduced in many states because the government has fulfilled the demand of petrol and diesel dealers for 7 years, under which the dealer margin has been increased. Apart from this, oil marketing companies like IOC have also taken a big decision to rationalize inter-state freight transportation to benefit remote consumers. This means that the transportation rates have also been changed for the oil which is brought from remote places from the petrol and diesel depots of Oil Marketing Companies (OMCs). These changed rates have come into effect from last night i.e. 30 October 2024.
Petroleum Minister Hardeep Singh Puri, while giving complete details of this decision on Twitter, wrote that…
Hearty welcome to the big gift given by oil companies to petrol pump dealers on the auspicious occasion of Dhanteras! The demand that has been going on for 7 years has been fulfilled! Consumers will get better services but there is no increase in the prices of petrol and diesel. Also a major decision to rationalize inter-state freight movement to benefit consumers located at remote locations (far from petrol and diesel depots of oil marketing companies). This will make petrol and diesel cheaper for consumers in many places!
Hearty welcome to the big gift given by oil companies to petrol pump dealers on the auspicious occasion of Dhanteras!
The demand that has been going on for 7 years has been fulfilled!
Consumers will get better services but there is no increase in the prices of petrol and diesel.
Oil companies operate remote locations (oil marketing… https://t.co/SbKtxzYZGR pic.twitter.com/oZDl7ulljF
— Hardeep Singh Puri (@HardeepSPuri) October 29, 2024
What does this decision mean for you?
Dealer margin-commission has been increased in many states of the country except those states where the code of conduct is in force under elections. Apart from this, the biggest advantage is that petrol and diesel have become cheaper for common customers in many states. There are many states like Odisha, Chhattisgarh, Arunachal Pradesh and Himachal Pradesh where the prices of petrol and diesel will reduce. After the government’s decision, oil marketing companies have also decided on intra-state freight rationalization, after which dealers will get good margin-commission on sourcing oil from other states. If its benefits will be extended to retail customers then petrol and diesel will become cheaper for the customers.
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