"However, these sudden cuts have led to huge financial loss to the dealers. By doing so, OMCs are making their own network financially unviable," the statement said.ĭealer associations welcomed the relief given to citizens of the country by the central government in reducing prices of petrol and diesel through excise duty cut. Our constant demand to revise dealer commission has been overlooked by the OMCs (Oil Marketing Companies). have increased manifold during the last five years. Also, the overhead expenses like bank charges, electricity bills, salaries etc. "Evaporation losses have increased proportionately. Industry officials said that petrol pumps don't need daily refills and their storage tanks store enough supplies to the last a couple of days. The prices of fuel have almost doubled since 2017, hence the working capital in business has doubled leading to additional loans and bank interests thereupon," the association said in a statement. "Though there was an agreement between oil companies and dealer associations that the dealer margins will be revised every six months, it has not been revised since 2017. Petrol Pump Dealers Association said its members in 22 states will join the protest. 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, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days.
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