Thursday 21 Jun, 2018

Following to the Petrol Price Revising Central Decides to Shut Pumps on Sundays

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New Delhi: The central government decided to shut the petrol pumps on Sundays. The new measure will launch a pilot in eight states from May 14. The association has decided to shut the outlets in Kerala, Karnataka, Tamil Nadu, Puducherry, Andra Pradesh, Telengana, Maharashtra, Haryana, reports said.

On Tuesday, a fuel pump owners' body, the Consortium of Indian petroleum dealers had said that petrol pumps in eight states would be shut every Sunday following Prime Minister Narendra Modi's call to conserve oil.

According to the Consortium of Indian petroleum dealers, Rs 150 crore of business loss will happen in Tamil Nadu, if do not operate on a Sunday. But 40 percent decline in sales inSunday’s compared to other days.

State owned fuel retailers will revise the fuel price, in five states. From next month, in main cities like Puducherry, Vizag in Andhra Pradesh, Udaipur in Rajasthan, Jamshedpur in Jharkhand and Chandigarh, the fuel prices to be change day by day. 

State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps across country, will launch a pilot for daily price revision in five select cities, in sync with international rates, much like what happens in most advanced markets, May first and gradually extend it to all over the country. 

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