Punjab petrol pumps demands higher margins; not to buy oil tomorrow

Petrol Pump Strike Punjab

Petroleum products dealers have been protesting against HPCL, IOC and other oil marketing companies over the issue of dealers’ margin.

Petrol pumps in Punjab will not purchase oil on Thursday as part of a nationwide protest against the oil marketing companies for not revising dealers’ margin.

“More than 3,000 fuel pumps in Punjab will observe no purchase of oil tomorrow,” Punjab Petroleum Pump Dealers Association president Sandeep Sehgal said on Wednesday.

“We have been demanding that the companies consider other components including evaporation, minimum wages of staff etc while calculating dealers’ margin,” he said.

Currently, dealers are getting Rs.1.50 per litre for diesel and Rs.2.50 per litre for petrol, said Mr. Sehgal who is also the secretary of the All India Petroleum Dealers’ Association.

“If the oil marketing companies did not agree to our demands then we will neither buy oil nor sell fuel on November 15,” he said.

Petroleum dealers have also been demanding uniformity in rates of taxes on fuel in northern states, saying that higher taxes on petrol in Punjab was causing massive losses to them.

Ashwinder Mongia, president of the Mohali Petroleum Dealers’ Association said, petroleum dealers have been struggling because of low sales of fuel due to high taxes on petroleum products in Punjab.

He added that petrol is costlier by about Rs.6 per litre in Punjab, while diesel was costlier by Rs.1.50 per litre as compared to neighbouring States.