Ludhiana, March 20
World MSME Forum has strongly opposed the steep increase of ₹22 per litre in the direct bulk supply of diesel by petroleum companies to industries. In a statement issued here tpoday, World MSME President Badish Jindal said that the sudden hike will significantly raise the cost of production as well as transportation, putting additional financial burden on the MSME sector.
“The increase in diesel prices is also likely to escalate electricity generation costs, further impacting industrial operations. As a result, industries may be compelled to shift towards purchasing diesel from retail petrol pumps, which could lead to increased congestion and operational pressure at these outlets”, added Jindal.
Jindal said that the World MSME Forum urges the government to recognize industry as a priority sector, considering its vital role in generating employment and contributing to government revenue, while adding, “Immediate corrective measures are needed to safeguard the interests of the MSME sector and ensure sustainable industrial growth.”
