Ludhiana: Without a pause in the increase in gasoline and diesel prices, Ludhiana’s petroleum dealer is in Tenterhooks, because they claim that high levels affect their business.
According to them, if the government and petroleum companies do not take the necessary steps, a large number of gasoline pumps will be out of business and close permanently.
The Petroleum Dealer Ludhiana Association (PTDA) on Wednesday set up the emergency meeting of their members to discuss the problems they faced.
Ashok Sachdeva, Chair of the Association, said, “There is a record of increasing gasoline and diesel levels and doing business has become very difficult.
Our margins are repaired and with an increase in gasoline and diesel rsp, our margin has not increased, but our investment has increased.
Therefore, causing a percentage of decreasing our margins.
If we go with the separation price of the two products for March, our average dealer margin on gasoline is Rs 3.40 per liter and in Diesel is Rs 2.20 per liter, which forms a very small part From prices both in the state and the center forming the main part “Sachdeva also added,” Although the central tax was uniform for all countries, but the center had increased customs for gasoline from Rs 9.48 per liter to Rs 32.90 and the Diesel Customs Up from RS 3.56 per liter to RS 31.80 for the past few years.
However, state tax varies, and disrupt that the Punjab government has chosen to K Increases PPN and other taxes / CESS on gasoline and diesel, making the two products expensive than neighboring countries.
Neighboring countries such as Himachal Pradesh and Haryana have actually reduced their VAT tariffs and increasingly contemplating the downward revisions while Punjab has increased taxes since March 2020, the latest is infrastructure development tax.
Because of this, the big difference has been witnessed at the fuel rate between the two states and customers, especially those who have trucks and buses prefer to get their fuel needs fulfilled from the nearest countries, causing losses to us.
“According to Ranjeet Singh Gandhi, President of PTDa,” gas stations have lost capital and income for a long time and the emergence of Pandemic Covid-19 in March 2020 has left a dealer with unprecedented losses that have been unprecedented because of the default payment, sales depressed, and Added expenditure for safety and sanitis.
Dealers must invest their life savings to keep the business running and if there are further problems, many gas stations can be forced to close.
If the dealer margin is due, which has not been revised since 2017, revised, it will help us live in business.
Oil marketing company (OMC) instead of helping has invited subsidies and normal financial assistance that helps dealers in meeting uniform costs and maintaining equipment.
“Gandhi also added,” While other businesses get financial assistance with one way or another, gas station, even though it works during locking through a pandemic does not get help, or a financial package of a quarter.
It is ironic that three OMCs – Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited – have all bookrors receive profit while dealers lose capital and income since the emergence of Covid-19 pandemics.
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