Pune Petrol Dealers Association Raises Concerns Over Pending Margins, Meets MP Shrirang Appa Barne
Pune, 29th July 2023: The President and working committee members of the Petrol Dealers Association Pune held a crucial meeting with Member of Parliament, Shrirang Appa Barne, to address their growing concerns regarding the long-pending dealer margins of petrol and diesel.
These margins have been awaiting payment from oil companies since 2017, causing significant losses for the dealers over the past six years. Faced with no alternative, the dealers sought an audience with the Member of Parliament to escalate their grievances to the appropriate authorities.
In 2013, the Apurva Chandra Committee submitted a report advising the Ministry and oil companies to pay the dealers revised petrol and diesel margins, taking into account the All India Consumer Price Index. As per the recommendations, the revised margins were to be paid every six months. However, since 2017, not a single payment has been made to the dealers despite the clear directives.
The lack of payment has resulted in enormous financial losses for the petrol dealers. Over the past six years, the cost of MS (Motor Spirit) and HSD (High-Speed Diesel) has escalated, along with other operational costs, including electricity, bank interest rates, and other trade-related expenses. Despite these escalating costs, the dealers’ margins have remained stagnant since 2017.
The meeting with MP Shrirang Appa Barne aimed to raise awareness of the dire situation faced by the petrol dealers and seek support from the appropriate authorities to expedite the payment of the pending margins.
Various representatives, including Shivraj Shitole, Sonu Nagpal, Kalidas More, Dhananjay Shitole, Kaka Zambare, President Dhruv Ruparel, Bhushan Desai, Sandeep Sakhare, Sujata Shah, Amar Renuse, and Aba Walhekar, were present at the meeting.
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