Industry officials said that petrol pumps don’t need daily refills and their storage tanks store enough supplies to last couple of days. Hence the working capital in business has doubled leading to additional loans and bank interests thereupon,” the petrol pump dealers’ association said in a statement.
The prices of fuel have almost doubled since 2017. “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 done since 2017. However, the dealers in Odisha will not be a part of the protest. Petrol Pump Dealers Association said its members in 22 states will join the protest. However, the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days. This is being done in protest against no increase in their commission by the oil marketing companies. New Delhi: Petrol pump dealers’ associations will Tuesday resort to ‘no purchase of petrol and diesel’ from state-run companies.