Pmo: Petrol Dealers Look To Pmo For Margin Revision | Chandigarh News

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Chandigarh: Petroleum dealers from across Punjab will be handing over a memorandum for the PMO, petroleum minister, secretary, and chairmen of oil companies through the office of state level coordinators at Indian Oil Bhawan, Sector 19 here on January 18.Monty Sehgal, spokesperson, Petrol Pump Dealers Association, Punjab, on Sunday said petroleum dealers of PSU oil marketing companies (OMCs) of Punjab were aggrieved at the lack of response from OMCs to several representations on revision of dealer margin.He further said their margin revision recommendations as proposed by the committee report on RO Dealer Commission 2012 (Apoorva Chandra Committee), constituted by the ministry of petroleum and natural gas, were being withheld by the OMCs.The dealer margins were to be revised twice in January and July of each year and the same was again reiterated in the industry meeting held on November 4, 2016, between OMCs and dealer representatives, he said. “For six years now, we have been denied any revision despite financial hardship and escalating expenses, making it difficult for the majority of us to survive,” he said.

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This article was originally published by a timesofindia.indiatimes.com

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