Dealers should not make profit due to increase in excise duty, neither should they be burdened with loss due to reduction,” it demanded. It manages complete Accounting Inventory of Petrol Pump. “A mechanism should be in place to isolate dealers from excise duty changes. Petro Genius is certified by RPDA (Rajasthan Petroleum Dealers Association), Presently running at various places in India. The association demanded that the losses on account of excise reduction should be reimbursed by the OMCs and future price change should happen in line with Dynamic Pricing Mechanism. Lahore Jimkhana Election Result 2020 Kamran Lashari Vs Jawad Sajid. Our demand is to revise dealer commission which has been overlooked by OMCs,” said Narayan. Previous Petrol Pump Dealers Association Meeting in Rawalpindi. “The dealer commission is essentially a reimbursement of our expenses like salaries, electricity bills, and others which have increased manifold during the last five years. A section of the fuel pump owners, mostly from the southern part of the country, threatened to shut the fuel. New Delhi, May 30 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. The prices of fuel have almost doubled since 2017, hence the working capital in business has also doubled leading to additional loans and bank interest and the evaporation losses have also increased proportionately, it said. Bengaluru, April 24: The All India Petroleum Dealers Association will meet on May 6 to chart their future course of action even as Centre reiterated that it would take action against the proposed Sunday closure of fuel pumps from May 14.
The dealers association claimed that there was an agreement between OMCs and the dealers association that the dealers’ margins will be revised every six months, but this has not been done since 2017. “Dealers across 24 states will join ‘No Purchase Petrol and Diesel’ campaign tomorrow to highlight the financial distress of the petrol pump owners across the country,” Delhi Petrol Dealers Association President Anurag Narayan.Īt a media briefing by the Petrol Pump Dealers Association, he said that the campaign to not purchase fuel from oil companies on Tuesday will be taken over the non-increase of dealer margins over the past 5 years and the issues with losses incurred from excise duty revisions by the government. New Delhi: Petrol pump dealers across 24 states have decided not to purchase diesel and petrol from oil companies on Tuesday to mark their protest against dealers’ commission which has not been revised since long, it was announced on Monday.Īround 70,000 outlets across 24 states will not buy fuel from oil marketing companies.
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