INDORE: Gas pumps in Madhya Pradesh can be close for trade from 7 pm to 9 pm on Wednesday to protest the reduce in excise responsibility on petrol and diesel introduced by way of the Centre, stakeholders mentioned on Tuesday.
The Central govt remaining week reduce the excise responsibility on petrol by way of Rs 8 in line with litre and diesel by way of Rs 6 in line with litre to present aid to customers reeling beneath top gasoline costs.
“Following the Central govt’s slashing of excise responsibility on petrol and diesel, sellers have suffered a lack of just about Rs 150 crore on previous inventory, as they have got already paid upper tasks in this inventory,” mentioned Paras Jain, the vice chairman of the Federation of Madhya Pradesh Petroleum Sellers Affiliation.
The variation within the new and previous excise tasks on petroleum merchandise will have to be refunded to sellers and fee paid to them for promoting gasoline will have to be higher, he mentioned.
Jain additional mentioned that just about 4,900 gasoline pumps will stay closed on Wednesday from 7 pm to 9 pm as a mark of protest.