Petroleum dealers want two revisions of margins a year

Consortium of Indian Petroleum Dealers (CIPD) have asked the government to increase the frequency of margin revision on petroleum products to twice a year as the present system was proving to be inadequate in running the business.
The dealers are running the business at a low margin of Rs 2 per litre for petrol and Rs 1.43 for diesel and this was being revised once a year, which is not adequate considering the transport, labour and other costs, association's President D Sathynarayanan told reporters here.
"This is a burning issue for the dealers and we have already represented to the government," said Sathyanarayanan, who is here to participate in the second convention of Tamil Nadu Petroleum Dealers Association.

The consortium also wants the government to have a viable transport system, by fixing reasonable rates, he said.
Stating that there were a lot of issues to be discussed and settled with and by the government, he said the concerned ministry should convene a meeting of dealers' body every three months, so that small things can be settled.
There was also the shortage of supply points, leading to delayed supply of products, which will also be discussed with the government, he added.