Telangana: Happy with July's fuel prices, stir off

Hyderabad: Fuel prices rose by nearly Rs 2.50 per litre in July, something that was not generally noticed due to the daily revision of prices. Following this, petroleum dealers have dropped their proposed protest against the system. Petroleum dealers had complained that they were losing money due to daily revision as the prices fell for a fortnight from June 16 to June 30, and threatened to go on strike.

They said that the fuel they purchased at a certain rate on a particular day would have to be sold at a lower rate with the price going down. But July saw a turnaround: Fuel prices increased on 27 of the 31 days of the month. With this, dealers could overcome their losses of the previous month and began earning profits on sale of fuel with upward revision. Moreover, the Centre have indicated that the dealer commission would be increased by 80 per cent very soon. The Petroleum Dealers Association has decided to keep all agitation programmes on hold for now, following this. Dealers said they had no problem even if prices fell daily if the dealer commission was increased by 80 per cent.