Monday, July 20, 2026
24*7 News World
  • Home
  • World
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Emergent Logo

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    Novo Nordisk receives European Commission approval of Wegovy® pill as first oral GLP-1 for weight management in the EU; single, ready-to-use pen for higher dose 7.2 mg also approved.

    Uber Announces Acquisition Offer for Delivery Hero

    HAL to Reaffirm Strategic Vision, Global Partnerships at the Farnborough International Airshow 2026

  • National
    • All
    • Economy & Politics
    • Election

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    A delegation led by Uma Reddy, President of the Karnataka Chamber of Commerce and Industry, met Chief Minister D.K. Shivakumar at the Vidhana Soudha today for discussions.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    CCPA initiates suo motu action against 41 restaurants for levying service charge by default; action based on consumer complaints received through National Consumer Helpline .

    Massive e-auction for distribution of 579 liquor licenses across the state Direct auction process from July 24 to 31.

  • Business
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    Emergent Logo

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    NABARD 45th Foundation Day Celebration Significant contribution from the government and NABARD to agriculture, women empowerment and rural development – Ritesh Kumar Singh.

  • Health

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

    Mr. Ravindran Govindan, Chairman of Fischer Medical Ventures Limited.

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

  • Technology
    • All
    • Environment
    • Science
    CREDIT-SONY

    Sony Creator Essentials Worth Considering This Summer.

    HCLTech Logo

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

    OPPO India Elevates Creative Photography with Reno16 Series featuring AI Portrait Camera and AI Remix Collage.

    PHOTO CREDIT-SHELL

    Global demand for LNG expected to grow by 65% by 2050

  • Auto
    PHOTO CREDIT-Maruti Suzuki India Limited (MSIL)

    A New Era of Supremacy and Excitement with The New Brezza: Bookings Now Open.

    Bosch, Toyota, BMW, and Repsol launch real-world pilot of vehicles running on 100 % renewable gasoline .

    Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Ltd._ and Mr. Shashikant Kumar, General Manager & Zonal Head – Mumbai, UCO Bank, sign an MOU for CV financing

    Tata Motors and UCO Bank partner to strengthen India’s commercial vehicle financing ecosystem.

    Hardeep Singh Brar, President and CEO, BMW Group India with the all-new BMW M440i xDrive Convertible.

    Unprecedented Performance: BMW Group India clocks highest-ever H1 sales with +17% growth.

  • Sports

    Harsh Dubey added to India’s ODI squad.

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    ALLEN Students spearhead India’s Historic Victory by winning 4 of 5 Gold Medals at International Physics Olympiad as India Tops 87 Countries.

    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

No Result
View All Result
24*7 News World
  • Home
  • World
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Emergent Logo

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    Novo Nordisk receives European Commission approval of Wegovy® pill as first oral GLP-1 for weight management in the EU; single, ready-to-use pen for higher dose 7.2 mg also approved.

    Uber Announces Acquisition Offer for Delivery Hero

    HAL to Reaffirm Strategic Vision, Global Partnerships at the Farnborough International Airshow 2026

  • National
    • All
    • Economy & Politics
    • Election

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    A delegation led by Uma Reddy, President of the Karnataka Chamber of Commerce and Industry, met Chief Minister D.K. Shivakumar at the Vidhana Soudha today for discussions.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    CCPA initiates suo motu action against 41 restaurants for levying service charge by default; action based on consumer complaints received through National Consumer Helpline .

    Massive e-auction for distribution of 579 liquor licenses across the state Direct auction process from July 24 to 31.

  • Business
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    Emergent Logo

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    NABARD 45th Foundation Day Celebration Significant contribution from the government and NABARD to agriculture, women empowerment and rural development – Ritesh Kumar Singh.

  • Health

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

    Mr. Ravindran Govindan, Chairman of Fischer Medical Ventures Limited.

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

  • Technology
    • All
    • Environment
    • Science
    CREDIT-SONY

    Sony Creator Essentials Worth Considering This Summer.

    HCLTech Logo

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

    OPPO India Elevates Creative Photography with Reno16 Series featuring AI Portrait Camera and AI Remix Collage.

    PHOTO CREDIT-SHELL

    Global demand for LNG expected to grow by 65% by 2050

  • Auto
    PHOTO CREDIT-Maruti Suzuki India Limited (MSIL)

    A New Era of Supremacy and Excitement with The New Brezza: Bookings Now Open.

    Bosch, Toyota, BMW, and Repsol launch real-world pilot of vehicles running on 100 % renewable gasoline .

    Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Ltd._ and Mr. Shashikant Kumar, General Manager & Zonal Head – Mumbai, UCO Bank, sign an MOU for CV financing

    Tata Motors and UCO Bank partner to strengthen India’s commercial vehicle financing ecosystem.

    Hardeep Singh Brar, President and CEO, BMW Group India with the all-new BMW M440i xDrive Convertible.

    Unprecedented Performance: BMW Group India clocks highest-ever H1 sales with +17% growth.

  • Sports

    Harsh Dubey added to India’s ODI squad.

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    ALLEN Students spearhead India’s Historic Victory by winning 4 of 5 Gold Medals at International Physics Olympiad as India Tops 87 Countries.

    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

No Result
View All Result
24*7 News World
No Result
View All Result
Home National

Petrol Pump Owners Seek Removal of VAT, Revision of Dealers’ Margins: Rally for ‘One Nation, One Tax’

FWM by FWM
August 26, 2023
in National
0

New Delhi, India Aug 24, 2023

Petrol pump dealers from across the country have written to the Ministry of Petroleum, Government of India to increase dealers’ margins on petrol and diesel sales, since it has been six years since the last revision was done. They have also sought immediate removal of the old VAT and urged for replacing this with the GST. The dealers associations are seeking migration of petroleum products to the new GST regime, in keeping with Prime Minister Narendra Modi’s vision of One Nation One Tax.

Petrol pump dealers associations from many states at a demonstration at Jantar Mantar in New Delhi

Representatives of many state dealers associations submitted a memorandum to the Government of India saying that the last revisions in the margins given to dealers were done six years ago in 2017. India has over 70,000 petrol pumps, which directly and indirectly provide livelihood to over 10 Lakh people and this “continued denial of revision of margins by oil marketing companies” has led to severe financial crunch and hardships.
Petroleum dealers from Uttar Pradesh, Haryana, Punjab, Rajasthan, Gujarat, Andhra Pradesh, Himachal Pradesh, Jammu & Kashmir, Bihar and Madhya Pradesh came together in support of a joint call given by Petroleum Dealers’ Welfare Association Haryana and others.
“Petrol stations earn by the margins given by oil marketing companies or the OMCs. Since 2017 when the last dealers margin revision was done, prices of petrol and diesel have gone up but the margins have remained constant. Simultaneously, expenses of the petrol pump dealers including salaries have also gone up, and so has the inflation. This has led to a lot of hardships to us,” said Sanjeev Chaudhary, President of the Petroleum Dealers Welfare Association, Haryana.
India boasts of one of the largest networks of fuel stations. “Despite the Government’s emphasis on electric vehicles, it is estimated that in the foreseeable future the contributions of petrol stations will continue to grow, with the growth of the economy. In many ways, petrol pumps are the quiet bulwark of the Indian economy, fueling its growth and keeping the country rolling. No wonder, they are vital, and so are their concerns. We need fair play,” said Monty Sehgal, spokesperson of Petrol Pump Dealers Association, Punjab.
Chaudhary said that various associations have consistently been engaging with the oil marketing companies and requesting for revisions of the margins over the past six years. “Due to the restrictions during COVID pandemic, petroleum dealers suffered substantial losses, even as oil companies reaped record-breaking profits. The disparities and discrimination continue. We worked day and night to ensure that the wheels of Emergency Services keep moving during COVID19 lockdowns and restrictions, despite drastic drops in routine sales and volume resulting in huge losses.”
“Even in the current scenario, despite fluctuations in crude oil prices, the retail prices of petrol and diesel have remained unchanged since May 2022. Meanwhile, OMCs have posted significant profits in the first quarter of FY24,” added Chaudhary, who along with various petrol pump owners of Haryana joined the New Delhi demonstration. 
The Associations also highlighted their concerns about many other issues faced by them. “The smaller dealers with less than 200 kilolitres throughput should get special packages from the oil companies. Also, in view of many bleeding petrol pumps it may not be appropriate on part of oil companies to consider opening new pumps, as the new advertisements indicate,” said Paramjit Singh Doaba, President, Petrol Pump Dealers Association, Punjab.
“It is becoming difficult for us to sustain ourselves with the current static margins and we feel let down by the oil marketing companies. They have remained unresponsive to our legitimate demands and are compelling us to seek recourse from the Government of India. We have tremendous faith in Hon PM and Union Petroleum Minister and appeal to them to help us,” added Doaba.
The associations have also flagged the issue of adulterated diesel. Due to the absence of any monitoring system, the bowsers are used extensively for selling chemical mixed adulterated diesel, an association member said.

ADVERTISEMENT
Tags: Andhra PradeshBihar and Madhya PradeshDoaba.GujaratHaryanaHimachal PradeshJammu-KashmirJantar Mantar in New DelhiPetrol Pump Dealers AssociationPunjabRajasthanUttar Pradesh
FWM

FWM

Related Posts

National

PALLAVOTSAVAM AT TIRUMALA ON JULY 22.

by FWM
July 20, 2026
Health

Coming Soon: A New AI-Powered Health Companion on Your Wrist

by FWM
July 20, 2026
National

A delegation led by Uma Reddy, President of the Karnataka Chamber of Commerce and Industry, met Chief Minister D.K. Shivakumar at the Vidhana Soudha today for discussions.

by FWM
July 20, 2026
National

C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

by FWM
July 20, 2026
Health

Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

by FWM
July 20, 2026

Stay Connected

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    July 20, 2026

    A delegation led by Uma Reddy, President of the Karnataka Chamber of Commerce and Industry, met Chief Minister D.K. Shivakumar at the Vidhana Soudha today for discussions.

    July 20, 2026
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    July 20, 2026

    Recent News

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    July 20, 2026

    A delegation led by Uma Reddy, President of the Karnataka Chamber of Commerce and Industry, met Chief Minister D.K. Shivakumar at the Vidhana Soudha today for discussions.

    July 20, 2026
    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    July 20, 2026

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    July 20, 2026
    ADVERTISEMENT

    © 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

    error: Content is protected !!
    No Result
    View All Result
    • Home
    • World
    • National
    • Business
    • Economy & Politics
    • Election
    • Health
    • Technology
    • Auto
    • Sports
    • Entertainment
    • Lifestyle

    © 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

    Go to mobile version