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    Standard Chartered to acquire Zodia Custody’s custody business.

    Approx. 13.5 LMT DAP and 7 LMT NPKs secured from out of Strait of Hormuz for arrival at Indian ports in May and June

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

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    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

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    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    Joyalukkas ‘Brilliance Diamond Jewellery Show’ in Koramangala, Bengaluru from 15th May to 31st May 2026.

    Nationwide bandh called: Food Safety and Drug Administration issues precautionary measures to public and guidelines to departments.

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    Equinor signs 5-year agreement for supplies to Germany.

    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

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    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    National Stroke Conclave Recognizes Outstanding Rehabilitation Services of Parul Ayurved Hospital for Stroke Patients.

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    The Superfood Sweetener .

    Global health gains face threat of reversal .

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    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    AI-Powered Financial Inclusion in India

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    India’s AI Boom Faces Reality Check as ROI and Governance Lag: ISACA Report.

    CAQM conducts inspection drive in Noida, directs Intensified Mitigation and Strict Enforcement

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    Stellantis Announces Groundbreaking, Small and Affordable E-Car Project .

    Renault Niagara: the name of the new robust versatile pick-up designed for Latin America

    Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) Consolidated Q4 FY26 Results.

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    TATA IPL 2026 Playoffs tickets to go live from May 20.

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    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

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

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    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    Lulu Hypermarket NOW OPEN AT GOPALAN GRAND MALL ,Old Madras Road,Bengaluru.

    Union Railway Minister Ashwini Vaishnaw Flags Off Bengaluru–Mumbai Express Train Strengthening Rail Connectivity Between Karnataka and Maharashtra

    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

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  • Home
  • World

    Equinor signs 5-year agreement for supplies to Germany.

    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

    Approx. 13.5 LMT DAP and 7 LMT NPKs secured from out of Strait of Hormuz for arrival at Indian ports in May and June

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    NextEra Energy and Dominion Energy to Combine, Creating the World’s Largest Regulated Electric Utility Business and North America’s Premier Energy Infrastructure Platform Benefiting Customers.

  • National
    • All
    • Economy & Politics
    • Election

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    National Stroke Conclave Recognizes Outstanding Rehabilitation Services of Parul Ayurved Hospital for Stroke Patients.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    Joyalukkas ‘Brilliance Diamond Jewellery Show’ in Koramangala, Bengaluru from 15th May to 31st May 2026.

    Nationwide bandh called: Food Safety and Drug Administration issues precautionary measures to public and guidelines to departments.

  • Business

    Equinor signs 5-year agreement for supplies to Germany.

    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

  • Health

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    National Stroke Conclave Recognizes Outstanding Rehabilitation Services of Parul Ayurved Hospital for Stroke Patients.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    The Superfood Sweetener .

    Global health gains face threat of reversal .

  • Technology
    • All
    • Environment
    • Science

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    AI-Powered Financial Inclusion in India

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    India’s AI Boom Faces Reality Check as ROI and Governance Lag: ISACA Report.

    CAQM conducts inspection drive in Noida, directs Intensified Mitigation and Strict Enforcement

  • Auto

    Stellantis Announces Groundbreaking, Small and Affordable E-Car Project .

    Renault Niagara: the name of the new robust versatile pick-up designed for Latin America

    Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) Consolidated Q4 FY26 Results.

    Tata Motors Passenger Vehicles introduces AMT in the Altroz iCNG.

  • Sports

    TATA IPL 2026 Playoffs tickets to go live from May 20.

    Tributes, tradition mark the inauguration of SM Krishna Memorial Open

    8 Indians in main draw as SM Krishna Memorial Open begins new Challenger era.

    Bombay Shirt Company and JioStar Unite to Bring a Fresh Take to ‘On-Air Styling’ for India’s Biggest Summer Cricket Broadcast.

  • Entertainment

    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

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    Lulu Hypermarket NOW OPEN AT GOPALAN GRAND MALL ,Old Madras Road,Bengaluru.

    Union Railway Minister Ashwini Vaishnaw Flags Off Bengaluru–Mumbai Express Train Strengthening Rail Connectivity Between Karnataka and Maharashtra

    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

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

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

FWM

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