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Dimapur, May 30 (EMN): While welcoming the reduction of fuel prices, the All Nagaland Petroleum Dealers Union (ANPDU) on Monday stated that sudden reduction has induced huge loses to the dealers.
ANPDU stated that Oil marketing companies were not incurring any losses due to this ‘drastic and sudden lowering of the prices, but it is the stock of the dealers which has depreciated in value, which is borne by the dealers’.
The Union stated that the reduction should not be at the expense of either the consumers or the dealers. It said that consequently, the union would be observing the nationwide 'No Fuel Purchase' day on May 31. However, the outlets will continue to function normally, it said.
“The Petroleum fraternity, being an essential service, has been providing excellent service to the public, government, even during the recent pandemic serving the people, by keeping our establishment open despite the low traffic, at the risk of our lives.
However we are confident that the Government will take into account the above mentioned points while making policies on fuel, for the welfare of the people in future. We hope this will go a long way to sustain business in the state in particular and the country as a whole.