A section of petroleum dealers said they would shut their retail outlets every Sunday starting May 14. Many see this as a tactic to pressure government.
Demanding higher margins in profit, Petrol Pump owners from across the country are threatening to keep filling stations closed on Sundays. They are also threatening to keep the filling stations operative on rest of the days only between 9am to 6pm. The news was confirmed by Mr.Ravi Shinde who is General Secretary of Consortium of Indian Petroleum Dealers, representing over 50,000 petrol pump dealers.
To further press for their demands, petrol dealers association is also expected to observe May 10 as a “No Purchase Day”.
The reason given by the association for the above is cost cutting as oil marketing companies have not honoured their commitment giving higher percentage of dealer margins. As per the Apurva Chandra committee report , the dealer should get a margin of Rs.3,333 per kilolitre on petrol and Rs.2,126 per kilolitre on diesel as compared to current Rs.2,570 and Rs.1,620 respectively.
Over the same issues, petrol pump owners had previously gone on strike in January 2017, which was later withdrawn due to Government intervention. The oil marketing companies also assured to revise dealer commissions.
Shutting the petrol pumps on Sunday is said to be based on the fact that oil companies are mulling over reviewing the fuel prices daily keeping in tandem with crude price rather than waiting for a fortnight to adjust the same.