New Delhi: In a significant announcement on Tuesday, October 29, 2024, Union Petroleum and Natural Gas Minister Hardeep Singh Puri indicated that relief from high petrol and diesel prices may soon be on the horizon. Sharing a post on social media platform X, Puri hinted that lower fuel costs could be implemented across several states by the end of this year, providing relief to consumers facing inflation.
Price Drop Likely as Dealer Commission and Freight Costs Adjusted
In his post, Puri shared, “I welcome the increase in dealer commissions by oil marketing companies, along with the decision to rationalize inter-state freight costs. This move aims to bring down fuel prices, particularly in remote areas.” These adjustments are expected to reduce operational expenses for fuel providers, translating to lower prices at the pump for consumers nationwide.
Bharat Petroleum Joins Effort to Cut Costs
Following Puri’s announcement, Bharat Petroleum Corporation Limited (BPCL) also posted an update. BPCL expressed enthusiasm for the decision to raise dealer commissions, stating it would enhance customer service without adding extra costs for consumers. The commission increase, effective immediately, aims to support petrol pump dealers while maintaining affordability for the public.
BPCL further emphasized its commitment to lowering fuel costs through inter-state freight rationalization. This strategy aims to address price disparities across regions and bring relief to consumers in remote areas. BPCL’s message concluded with festive greetings, further signaling a promising holiday season for fuel consumers.
