Amritsar, July 16
The petrol pump dealers associated with Essar Oil Company have constituted an association of its members to watch interests of all stakeholders.
The petrol pump dealers said the company had stopped paying five per cent interest on their investments.
The president of the newly constituted association, Narinder Singh Kahlon, said, “While the other oil companies invest in setting petrol pumps, the petrol pump dealers associated with Essar had made their own investments. On our investments, the company had been paying interest until recently.”
Kahlon added that the company had been charging 25 paisa per litre from them as compared to the rates of other oil companies.
He claimed that Essar had also sold the company to a Russian firm.
“The stakeholders were not taken into confidence before taking the decision. The association will take up all these matters,” said general secretary Mukesh Nanda.
The association members said 93 petrol pumps were operational in the state and the number would increase to 143 as many petrol pumps were being set up. — TNS
All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.