AP Petroleum dealers up the ante against Centre
2 years, 7 months ago

AP Petroleum dealers up the ante against Centre

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly `2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. Petroleum dealers say they are not against any reduction in the price of fuels and would like the Centre to bring the prices further down. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is resorting to a ‘hike and reduction’ in the prices at will. The dealers are holding a series of talks in the state and also at the national level to come up with a plan of action as to how to prevail upon the Centre to restore the dynamic pricing of fuels based on crude oil price in the international market as it was frozen at present.

Fuel Prices Centre Petrol Litre Dealers Petroleum Dealers  petroleum  ante  fuels  fuel  diesel  centre  litre  prices  petrol  say  reduction  dealers  ap

History of this topic

Congress asks the government why it can’t pass on the benefit of lower crude prices to consumer
1 year, 9 months ago

Congress asks the government why it can’t pass on the benefit of lower crude prices to consumer

The Hindu  

Attacking the government over prices of petrol and diesel, the Congress on Wednesday asked why the Narendra Modi government has not passed on the benefit of reduction in international crude oil prices to consumers. Addressing a press conference, Congress spokesperson Gourav Vallabh also asked besides the public sector refineries, which private refineries benefited from cheaper Russian crude oil and at …

IOC forcing dealers to sell branded fuels for vehicles
2 years, 2 months ago

IOC forcing dealers to sell branded fuels for vehicles

Deccan Chronicle  

Vijayawada: The state-owned oil marketing company, Indian Oil Corporation, is allegedly forcing petroleum dealers to purchase branded fuels and feed them to vehicles users. The IOC intends to promote branded fuels like petrol XP 95 and green diesel as they cost Rs 5-6 more than the rate for normal fuels. The oil company is asking dealers, or pumps, to reduce …

APSRTC encouraging ‘competitive bidding’ in fuel purchase
2 years, 2 months ago

APSRTC encouraging ‘competitive bidding’ in fuel purchase

The Hindu  

Several petroleum dealers in Anantapur are supplying diesel to the Andhra Pradesh State Road Transport Corporation at a “competitive price” by quoting the lowest bid at the depot level. The APSRTC switched over to buying diesel from the local dealers at “competitive” price after the petroleum companies increased the price for bulk consumers from March 2022. This apart, there was …

Petroleum traders ask state to resolve rationing of fuel in AP
2 years, 6 months ago

Petroleum traders ask state to resolve rationing of fuel in AP

Deccan Chronicle  

VIJAYAWADA: Petroleum dealers in AP have asked state government to intervene and resolve the issue of rationing fuel in the state by holding a joint meeting with government-owned oil marketing companies BPCL, HPCL and IOCL. Traders contend that BPCL is imposing a cut on supply of both petrol and diesel, making several fuel stations go dry in several parts in …

Traders stop buying petrol in protest over excise cut
2 years, 6 months ago

Traders stop buying petrol in protest over excise cut

Deccan Chronicle  

Vijayawada: Dissatisfied with the Centre’s recent decision to cut excise duty on fuels, petroleum traders in Andhra Pradesh suspended procurement of stocks from state-owned companies, between 8 am and 6 pm on Tuesday. Traders said that the dealer’s margin at present is insufficient to meet operational costs of fuel stations, with employees demanding salary hikes, increasing power tariffs and costs …

Sri Lanka's fuel prices break records: Officials push for work from home as petrol reaches Rs 420 and diesel at Rs 400
2 years, 7 months ago

Sri Lanka's fuel prices break records: Officials push for work from home as petrol reaches Rs 420 and diesel at Rs 400

Firstpost  

The hike in prices come as the public continues to suffer in long queues at fuel stations hit by shortages Colombo: Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis due to the shortage of foreign exchange reserves. …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 7 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

Cong Flays Centre Over 'unabated' fuel Price Hikes, Dubs it 'Extortion'
2 years, 8 months ago

Cong Flays Centre Over 'unabated' fuel Price Hikes, Dubs it 'Extortion'

News 18  

The Congress on Wednesday slammed the Centre over “unabated” hike in fuel prices and termed it “extortion” by the Modi government. Congress MP Shashi Tharoor said: “Who told the BJP that drip torture is more saleable to the public than the guillotine?” Till last Tuesday, fuel prices were steady since November 2021 when the Centre reduced excise duty on petrol …

Freeze out: The Hindu Editorial on fuel price hike after a 137-day pause
2 years, 9 months ago

Freeze out: The Hindu Editorial on fuel price hike after a 137-day pause

The Hindu  

On Tuesday, after possibly the longest pause, of 137 days, in India’s retail fuel prices in recent years, oil marketing companies raised petrol and diesel prices by about 80 paise a litre, following up with a similar increase on Wednesday. The interregnum between then and now, coinciding with the five Assembly election battles, also witnessed the sharpest spike in global …

'Making gains by plundering poor': Congress slams Centre over fuel price hike
2 years, 9 months ago

'Making gains by plundering poor': Congress slams Centre over fuel price hike

Firstpost  

SP MP Jaya Bachchan also attacked the Centre over the hike in fuel prices and said that Akhilesh Yadav had repeatedly said in his campaign that the price is going to increase after the elections New Delhi: Congress on Tuesday slammed the Centre over the hike in petrol and diesel prices, alleging that the government is “making a gain worth …

Petrol, diesel prices: Will aam aadmi get relief from high fuel rates?
2 years, 9 months ago

Petrol, diesel prices: Will aam aadmi get relief from high fuel rates?

India Today  

Amid skyrocketing international oil prices, there are apprehensions that petrol and diesel prices across India will go up, pinching the common man's pocket. However, Puri said "the government will in the coming months also take whatever measures we have to, to make sure that our consumer gets relief to the extent we can." INTERNATIONAL OIL PRICES Observing that oil prices …

Centre insensitive to fuel prices hike: Congress
4 years, 6 months ago

Centre insensitive to fuel prices hike: Congress

The Hindu  

Petrol prices have risen by ₹7 in the last 14 days and this reflects how the Centre is least bothered about people from all sections, who are already suffering from loss of income due to corona-related lockdown, said AICC secretary and former MLA Vamshi Chand Reddy. Speaking to reporters here, he said with the latest hike, petrol prices have touched …

Discover Related