Fuel Commission Revamp: Dealers Rejoice After Eight-Year Wait

State-owned fuel retailers have raised the dealer commission for petrol and diesel sales for the first time in eight years. This move, effective from October 2024, will not affect retail prices but aims to enhance service standards and staff welfare. Freight rationalization will reduce prices in several states.

State-owned fuel retailers have announced a significant increase in the commission paid to dealers for the sale of petrol and diesel, marking the first revision in nearly eight years. Despite these changes, the retail selling price remains unaffected.

The revision includes a 65 paise hike per liter for petrol and 44 paise for diesel, effective from October 30, 2024. This adjustment is part of a broader effort to enhance customer service and boost staff welfare at retail outlets.

Additionally, rationalization of intra-state freight is expected to lower petrol and diesel prices in various states, benefiting consumers, especially those in remote locations. The move has been welcomed by industry stakeholders, including the All India Petroleum Dealers' Association.

(With inputs from agencies.)