The petroleum dealers have said that they will not sell petro products on June 16. Petroleum dealers are preparing to observe a 24-hour bandh from the midnight of June 15 . They are upset over the government’s decision to revise petrol and diesel prices every day from Thursday, June 15.
H S Manjappa, president, Karnataka State Federation of Petroleum Dealers Federation, said daily revision of fuel prices would pose many challenges. “The revision should take place exactly at 11.59 pm,” he said. “And we have to update the petroleum companies about stocks by 6 am.” Only owners know the password to effect price revision now, he explained.
They can’t share the secret code with their workers, most of whom are not permanent. The owner has to be present at the outlet at 12 midnight and again wake up well before 6 am to send updates to the oil companies,” he said. This means dealers would go without sleep. “It will ruin our personal lives,” he also said.
A majority of the nearly 58,000 petrol pumps in India are owned and operated by dealers. And 60-70% of these pumps are on the highways, said the association. It also sough an automated system to reflect price changes from the state-run oil marketing companies without the intervention of dealers.
Technically, oil companies have the freedom to revise rates but very often they are influenced by political considerations. With daily changes, which are unlikely to be more than a few paise per litre, the political pressures for not allowing significant hikes in oil prices will go.
State fuel retailers currently revise rates on the 1st and 16th of every month, based on average international crude price in the preceding fortnight and currency exchange rate.
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