Hyderabad: Fuel vendors seek for assistance as they face a dismal future

What worries the retail fuel dealers? What makes them desire to launch a strike? Is there any reason other just not raising the dealership commission? According to the indications, the Modi 3.0 regime may encourage private enterprises, which might negatively impact corporate stores, in addition to offering cheap dealer commission.

They see an additional risk to their profitability in the event of a five-year rise in the number of EVs. The retail gasoline dealers claim, “We want the government to look into our concerns because our woes are unending.” Furthermore, they claim that a policy of openly penalizing more outlets has been in place recently. One can discover all the stores owned by various businesses, such as BP, IOC, etc., within a small radius.

The state has roughly 4000 gas stations, but the dealers lament that they are not receiving any security or financial assurance.

The dealers claim that the oil firms want land and a bank guarantee in order to establish the gasoline station. The heads of the group said that in the past, the oil firms would notify potential investors after doing a financial feasibility assessment on opening a new gas station. However, they said that the oil corporations are now solely looking for investors and are disregarding all rules.

According to the group, Telangana’s and other metropolitan regions’ growing number of filling stations has caused sales to drop by over 50%. Operating the gasoline pump outlets on a daily basis has become an enormous responsibility, according to Anil, the state secretary of the Indian Oil Corporation’s (IOC) gasoline Dealers Association.

According to him, several outlets couldn’t even cover the costs of the filling station’s monthly upkeep. He said that rural gasoline stations used to sell a lot of diesel and make a profit during the agricultural season.

The leaders of the group said that they are developing a plan of action for starting a strike and applying pressure to the Center and oil firms to meet their demands.

Related Articles

Back to top button