Along with the decision of the government to increase the loss compensation to petroleum dealers on fuel transport, dealers have withdrawn their protest programmes.
Organising a press conference in the Capital on Wednesday, the Association said that the petroleum dealers would not purchase petrol from the depot from August 10. The Association further said that it would not purchase both petrol and diesel from Sunday if the government did not address the demand.
The petrol pumps would not sell petroleum products from Tuesday if the government continued to turn its blind eye to their demand within that time frame, the Association said.
Earlier, the government had committed to address their demand by mid-July.
The petroleum dealers had claimed that they have been facing loss of around 85 litres on the purchase of each 4,000-litre tanker from Nepal Oil Corporation (NOC).
Though dealers have withdrawn their entire protest programme, fuel dealers said that the hiked rate does not actually match the actual amount of technical loss of fuel that they incur while transporting petroleum products to their fuel stations.
They also demanded that the government review the compensation rate in the future after conducting an extensive study on this issue.
Meanwhile, the NOC board also decided to form a special committee of the government to scientifically determine the actual amount of technical loss in fuel transport faced by petroleum dealers and resolve the issue completely within six months.
The Parliamentary Committee on Commerce, Industry and Consumer Welfare Relation on Thursday had directed dealers not to halt supply of petroleum products and had also asked the government to find a permanent solution to the matter at the earliest.