Due to the hike in petrol and diesel prices, the dealers of Punjab are going through a huge loss. As the difference in prices between Punjab and its adjoining states, the Petrol Pump Dealers’ Association Punjab (PPDAP) has announced that they will open petrol pumps for a single shift only from November 7 onwards for the next 15 days.
According to the reports, in the meeting, Association President Paramjit Singh Doaba said that due to the increase in the price of fuels, petrol pump owners are dealing with high intake costs. Hence, to decrease their expenditure the union has decided to open the petrol pumps for a few hours, rather than 24 hours.
According to the association, this change will start from November 7 and will end on November 21. They further added that if the government does not take a step in favour of the petrol pump owner in 15 days, then on November 22, the petrol pumps will be closed for the whole day.
Moreover, General Secretary Manjit Singh said, “Nearly 800 dealers of the eight border districts in Punjab are suffering losses due to a 70% drop in sales. In fact, the whole fraternity is facing volume loss due to high fuel prices and non-increase of margins since last revision in August 2017. Fuel prices have gone up by nearly ₹38 per litre in the last 18 months, whereas the crude has risen to just $85 per barrel from $70 per barrel in January 2020.”
Fuel pump dealers said their businesses had been badly affected due to the difference in retail prices of petroleum products on account of the high rate of value-added tax on petrol and diesel.
Source: Hindustan Times
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