Nagpur: In a bold move against alleged neglect by Nayara Energy Ltd., dealers from Nagpur are set to join a nationwide protest on January 16, 2025, under the banner of the All India Nayara Dealers Association. The agitation comes in response to an eight-year delay in revising dealer margins, despite repeated assurances and government directives.
Allegations of Broken Promises
The association has accused Nayara Energy of reneging on commitments to implement margin revisions, despite clear guidelines from the Ministry of Petroleum and Natural Gas (MOPNG). Dealers cite a statement by Petroleum Minister Hardeep Singh Puri on October 30, 2024, announcing an upward revision in margins to enhance customer services. Major oil companies—IOCL, BPCL, and HPCL—swiftly adopted the changes, but Nayara Energy has yet to follow suit.
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In a high-stakes meeting on December 12, 2024, Nayara Energy CEO Madhur Taneja assured dealer representatives that the revisions would be implemented by January 5, 2025. However, as of January 15, no action has been taken, leaving dealers frustrated and incensed.
A Call for Accountability
Dealers allege that Nayara Energy’s silence and inaction have jeopardized their operations, with mounting financial pressures threatening their ability to provide essential services. The association has urged the media to expose the company’s alleged failure to honor both government directives and its own commitments.
Nationwide Protests Loom
Dealers plan to protest at Nayara Energy’s zonal and divisional offices across India, including in Nagpur, demanding immediate action. The association warns that operations at many Nayara outlets may be disrupted, highlighting the urgency of resolving the issue to prevent further escalation.
As the protest gains momentum, all eyes are on Nayara Energy to deliver a solution that satisfies its dealer network and adheres to government guidelines. The outcome of this agitation could have far-reaching implications for the company and the petroleum retail industry at large.
