The Federation of All India Petroleum Traders (FAIPT) on Saturday said the Petroleum Ministry has asked oil marketing companies to revise dealers’ commission for petrol immediately.
“Commission for petrol needs to be revised from Rs 1.49 a litre to Rs 2.16 for every litre (a hike of 0.67 paise). Since petrol is a de-regulated product, OMCs can revise the commission. Oil Ministry has issued a letter to them with this regard on September 20,” said Ajay Bansal, General Secretary of the Federation.
The dealers have also asked for revision of commission on diesel from Rs 0.91 a litre to Rs 1.32 for every litre (increase by 0.41 paise).
In respect of revision of dealers’ commission on diesel, the Ministry has asked oil marketing companies to submit a proposal within ten days, said Bansal.
Bansal said that operating cost of petrol pumps such as wages, electricity bills have gone up drastically, which calls for an increase in their commission.
The Federation has ruled out the news that petrol pumps to remain shut on October 1 and 2.
“This is false news. Pumps will operate normally and dealers shall make purchases on October 1 according to their requirement keeping in view that October 2 is a public holiday,” said Bansal.