“The rates offered do not cover the transport diesel cost required to fuel. This has created a situation where transporters resort to theft to make their operations viable,” said Dhruv Ruparel, President of PDA, Pune.

The association also criticized oil company officials for being negligent in implementing proper safety measures and vehicle tracking systems, contributing to continued thefts. “Company officials are ignorant about vehicle tracking systems and safety checks,” Ruparel added.

Ruparel emphasized that the association is urging oil companies to recognize the consequences of their low rates and withholding tankers until a new tender with fair rates is issued. Tenders are typically floated every 3 to 5 years, with bond rates set by the company.

A senior oil marketing company official expressed optimism that the issue would be resolved soon, stating that they had received an email from PDA. However, the move may impact fuel availability, with petrol pumps only able to sell existing stock. “We’re urging companies to recognize the consequences of their low rates. We will withhold the tankers until a new tender with fair rates is issued,” Ruparel said.