Nagaland NewsPetroleum dealers to join nationwide stir

Petroleum dealers to join nationwide stir

All Nagaland Petroleum Dealers Union (ANPDU) Monday announced its decision to join the nationwide protest “no fuel purchase” from oil companies on May 31, 2022.
ANPDU president Akokla Lucy and secretary general T Jabou Sekhose, however, stated that fuel outlets would continue to function normally. Petroleum dealers are protesting against the sudden reduction in prices by Centre and demanding compensation for losses incurred due to the reduction in excise duty.
While welcoming decrease in fuel prices, ANPDU stated that “this irrational policy decision” of the Government of reducing retail selling price (RSP) suddenly and at once, has induced huge loses to the dealers. It pointed out that oil marketing companies were not incurring any losses due to sudden lowering of the prices, but it was the stock of the dealers that had depreciated in value, which was borne by the dealers.
ANPDU said the petroleum fraternity had been providing excellent service to the public and government even during the pandemic. Therefore, the union maintained that reduction of fuel prices should not be at the expense of either the consumers or the dealers. ANPDU was hopeful that the government would take into account its views while making policies on fuel in future.

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