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    PHOTO CREDIT-American Airlines

    American Airlines continues to execute on commercial priorities, delivering highest quarterly revenue in company history

    CHMP recommends EU approval of Roche’s Susvimo, the first continuous delivery treatment for neovascular age-related macular degeneration (nAMD)

    PHOTO CREDIT-IBM

    IBM to Acquire HRL Laboratories to Power the Future of Quantum.

    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    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.

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    CHMP recommends EU approval of Roche’s Susvimo, the first continuous delivery treatment for neovascular age-related macular degeneration (nAMD)

    Grovy India reports 74% growth in PAT at Rs 1.9 cr in Q1 FY27.

    Mercedes-Benz India Becomes Title Partner of the Indian Padel Tour, Marking a New Chapter in the Growth of Padel in India.

    ISACA Bangalore Chapter hosts the 29th Annual Karnataka Conference with the theme “Fortify the AI Backbone and Agentic AI – Govern, Secure, and Thrive”.

    Government Flight Training School (GFTS) gets a new lease of life.

    Mega Recruitment Drive for Over 70,000 Posts in Karnataka.

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    PHOTO CREDIT-American Airlines

    American Airlines continues to execute on commercial priorities, delivering highest quarterly revenue in company history

    Grovy India reports 74% growth in PAT at Rs 1.9 cr in Q1 FY27.

    PHOTO CREDIT-IBM

    IBM to Acquire HRL Laboratories to Power the Future of Quantum.

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    CHMP recommends EU approval of Roche’s Susvimo, the first continuous delivery treatment for neovascular age-related macular degeneration (nAMD)

    Fortis Hospitals Mumbai Launches ‘Har Ghar Hero’.

    Apollo Hospitals, Sheshadripuram Introduces iTIND for Young Men with Bladder Neck Obstruction

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    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.

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    Mercedes-Benz India Becomes Title Partner of the Indian Padel Tour, Marking a New Chapter in the Growth of Padel in India.

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

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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.

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