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    You are at:Home » Union Oil Minister Dharmendra Pradhan Steps In To Ease Friction Over Fuel Price

    Union Oil Minister Dharmendra Pradhan Steps In To Ease Friction Over Fuel Price

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    By Aruna Sharma on June 14, 2017 BUSINESS

    (TOI)

    Union oil minister Dharmendra Pradhan has stepped in to address concerns expressed by petrol pump owners and operators, who have threatened to stop lifting stock from depots in protest against the move to revise fuel prices daily from June 16.

    Pradhan is scheduled to meet the representatives of dealers’ associations on Wednesday, even as the staterun oil companies stepped up efforts to reason with the dealers and ensure a smooth rollout of the daily price revision. In an attempt to douse the tension, the chairman of the country’s largest fuel retailer IndianOil, Sanjiv Singh, and his marketing director B S Canth reached out to dealers in 11 states through video-conference on Tuesday. The development came aday after Hindustan Petroleum chief M K Surana and the company’s marketing director S Jeyakrishnan did the same.

    The dealers under the aegis of All India Federation of Petroleum Traders (AIFPT), which claims to represent the majority of dealers, met senior executives of state-run fuel retailers in Mumbai without any change in the position of either side. In a statement, Delhi Petrol Dealers’ Association too decided to support the AIFPT decision.

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    Aruna Sharma

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