Coronavirus Outbreak: Petrol pump operators seek financial support as losses mount on falling fuel sales
With coronavirus eviscerating demand, petrol pump operators on Friday said per pump sales have fallen to less than one-tenth, leading to heavy losses in establishment and employee cost
A government-appointed expert committee recommending scrapping of the Rs 2,000 crore investment norm for a licence to set up petrol pumps will help enhance competition in the growing domestic market for auto fuels, ICRA said on Tuesday
For the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency.
In what could cause inconvenience to the commuters in Delhi, all 400 petrol pumps along with linked CNG dispensing units will remain shut from 6 am on Monday till 5 am on Tuesday in protest against Aam Aadmi Party-led Delhi government's refusal to reduce Value Added Tax (VAT) on diesel and petrol in the national capital.
Dealers in national capital to shut petrol pumps on 22 October in protest against Delhi govt's refusal to cut VAT
Delhi Petrol Dealers Association (DPDA) on Monday said all 400-odd petrol pumps in the national capital will remain closed on 22 October in protest against the Delhi government's refusal to cut VAT on petrol and diesel.
The oil industry has approximately 9 lakh customer attendants working at petrol pumps, who will be benefited by this.
The murder of Sheena Bora case faced another disclosure when the Indrani Mukerjea's driver told a special CBI court that she told him she has to kill Sheena and her son Mikhail
More than 100 kanwariyas were injured, of whom at least a dozen are critical, after their camp in Uttar Pradesh was hit by lightning early on Thursday, police said.
While RIL already has a fuel retailing license and has some 1,400 petrol pumps on the ground, BP last year got approval to set up petrol pumps in India
The show cause, which was issued following a complaint by an individual Chandrasekhar and others on 28 April this year, alleged that the Bihar health minister does not own the plot on which the fuel station is located.
This comes at a time when petrol pumps have threatened to shut shops on Sunday and the government has expressed its displeasure about this move citing inconvenience to consumers.
Dealers' body representatives told the media on Tuesday that their decision was in line with Prime Minister Narendra Modi's recent call to save petrol and diesel.
Petrol pump owners deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.
Amid reports of misuse, the central government has put an end to the use of old Rs 500 notes for buying fuel at petrol pumps and purchasing tickets at airports from Saturday, while exemption for payment of toll on highways will also end on Friday.
Police will be present at petrol pumps to keep an eye on violators and challans will be issued
How can anyone take seriously a Government that allows this perversity in the face of runaway current account and fiscal deficits? Veerappa Moily is on slippery ground, just like his populist Government which seems determined to worsen, rather than improve, its own credibility and India's economic crisis.
Finance Minister P Chidambaram today said it is being found difficult to charge a market price for luxury cars and a subsidised price for farmers and transport trucks at the same petrol pump.
<br /><br /> Sale of branded fuels started to fall since 2009, after the government hiked excise duty on these products. Branded fuels, which contain imported additives helps in improving engine life and reduce pollution levels, were introduced in 2002.
Petrol pump dealers have deferred a nation-wide strike from Monday after Oil Minister S Jaipal Reddy has agreed to consider their demands.