The 22 states where the dealers will be on protest are Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, Delhi, Punjab, Haryana, Rajasthan, Gujarat, Maharashtra, Himachal Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Mizoram, Nagaland, Manipur, Tripura, Sikkim and North Bengal. It demanded increase in dealers' commission immediately. The central government in the past six months has announced two major cuts in excise duty (on and on May 21, 2022), and the entire burden of Rs 13 per litre on petrol and Rs 16 per litre on diesel was passed on to the petrol pump dealers causing huge irrecoverable losses," it said. "However, these sudden cuts have led to huge financial loss to the dealers. By doing so, OMCs are making their own network financially unviable," the statement said.ĭealer associations welcomed the relief given to citizens of the country by the central government in reducing prices of petrol and diesel through excise duty cut. Our constant demand to revise dealer commission has been overlooked by the OMCs (Oil Marketing Companies). have increased manifold during the last five years. Kumar, also the vice-president of Tamil Nadu Petroleum Dealers Association, said nearly 20,000 outlets in Tamil Nadu, Kerala, Karnataka, Puducherry, Andhra Pradesh, Telangana, Maharashtra and. Also, the overhead expenses like bank charges, electricity bills, salaries etc.
They pointed out that the decision from HPCL to cut short the fuel distribution to pumps owing to a hike in fuel prices in the country has resulted in shortage. "Evaporation losses have increased proportionately. Kochi: Members of the Kerala Petroleum Traders Association stated that the hoarding of fuel has forced many Hindustan Petroleum Corporation Limited (HPCL) pumps to be closed down. Industry officials said that petrol pumps don't need daily refills and their storage tanks store enough supplies to the last a couple of days. The prices of fuel have almost doubled since 2017, hence the working capital in business has doubled leading to additional loans and bank interests thereupon," the association said in a statement. "Though there was an agreement between oil companies and dealer associations that the dealer margins will be revised every six months, it has not been revised since 2017. Federation Compound A.K.G Nagar Road, Peroorkada Thiruvananthapuram, Pin: 695 005.
Petrol Pump Dealers Association said its members in 22 states will join the protest. Kerala State Federation of SC ST Development Co-operatives Ltd. We are leveraging our experience and expertise for building holistic programs that deliver stronger and more inclusive impact. At Nayara Energy, we are committed to sustainable development by delivering economic, social and environmental benefits to the communities in which we operate.
A petrol pump dealers' association will on Tuesday resort to 'no purchase of petrol and diesel' in protest against no increase in their commission by the oil marketing companies, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days. Building a better world is at the heart of who we are.
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