Petroleum Dealers Federation to protest against failure to revise dealers margin

Mangalore Today News Network

Mangaluru Oct 11, 2016: Karnataka State Federation of Petroleum Dealers will be  suspending  petrol sale for 15 minutes on October 19 and 26, demanding revision of the dealers’ margin as per the Apoorva Chandra Committee recommendations, informed K Vishwas Shenoy.

Addressing media persons at Press Club today October 11th he said that, though a meeting of the  Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharath Petroleum Dealers Association along with Akhila Bharatha Petroleum Dealers association  had taken a decision to increase the dealer’s margin, so far it looks from  reality.

In order to keep an eye on the dealer’s amenities Apoorva Chandra Committee was formed to check the work-ability of the petrol pumps. There are certain categories to look out such as dealers’ remuneration, labor cost, electricity cost, generator expenses which was not taken for consideration, Shenoy further added.

He also said that, on October 19 and 26, Karnataka State Federation of Petroleum dealers will suspend petrol sale for 15 minutes from 7pm to 7:15pm to press for the fulfilment of their demands. Protest will continue on November 3 if the concerned authorities fail to fulfill the demands, he added.  If even this protest fails to yield any result, then on November 15 there will be suspension of petrol sale and purchasing of  products.

Member of the Association Sathish Kamath said that the government has permitted Oil Marketing Companies (OMC’s) to sell Ethanol blended petrol with percentage of ethanol up to 10% as per BIS specification to achieve 5% Ethanol blending across the country. He demanded to distribute tested ethanol blended petrol to avoid damage of the vehicle engine.