• Petrol bunks to remain open for only 12 hours a day from May 15

    Andhra Pradesh Federation of Petroleum Traders (APFPT) on Tuesday announced that they will operate for only 12 hours a day from May 15 onwards. Also if the dealers’ margin is not increased in the upcoming meeting with oil marketing companies (OMCs) in New Delhi on May 9, the federation will observe a no purchase day on May 10.

    Heeding Prime Minister Narendra Modi’s call to shut petrol bunks on Sundays, petroleum traders said they are going to shut their outlets on Sundays across Andhra Pradesh.

    APFPT president Ravi Gopala Krishna said oil marketing companies (OMCs) are reluctant to increase the dealers’ margin even though their demands were supported by Apporva Chandra committee report. He further said a Memorandum of Understanding (MoU) was signed between OMCs and traders wherein 11 regulations were agreed upon, which included increasing dealers’ commission on every litre of fuel sold.

    “They promised to increase the dealers’ margin after every six months in the MoU. However, that has not happened. More than 80 per cent of the traders in state are bearing losses,” said Gopala Krishna.

    He said a national-level meeting between petroleum dealers and OMCs is going to be held on May 9 in New Delhi, during which a final call will be taken on the dealers’ commission. “If our commission is not increased, we will protest by not purchasing fuel on May 10,” he added.

    Gopala Krishna said fuel stations in AP are going to operate for only 12 hours (from 6am to 6pm) from May 15 because it will help reduce costs. Tarik Cohen Womens Jersey

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