The Hindu Business Line : Truckers ask TN Govt to retain power to fix oil prices

The goods transport industry in the State has expressed apprehension that any authority given to the oil companies to revise the fuel prices every month would deal a body blow not only to the transport industry but also to the agriculture and fisheries sectors.

The industry wants the Government to retain the authority to fix the fuel prices so as to save the transport sector.

In a letter to the Prime Minister, Dr Manmohan Singh, the President of State Lorry Owners' Federation-Tamil Nadu (SLOF-T), Mr P. Sengodan, said that he was "shocked" to learn that the Central Government had given permission and authority to the PSU oil companies to revise the prices of petrol and diesel once a month according to international crude oil price changes.

He said that the truck operators had already been hit by the increase in diesel cost and any power given to the oil companies to decide the fuel prices would aggravate the situation further.

The oil companies would base their decisions on "profit motive" and would not consider the impact of fuel price hike and this would ultimately affect the operators, he added.

Mr Sengodan said that the goods transport sector was already reeling under the impact of a host of adverse factors including increase in the prices of diesel, tyre and insurance premium.

More Stories on : Roadways | Petroleum | Tamil Nadu

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Truckers ask TN Govt to retain power to fix oil prices