1 hr ago
Petroleum Dealers Seek Exemption From Digital Transaction Charges
Petroleum dealers have asked the government to stop charging them digital payment fees.
They say they earn only a small amount from each sale.
The companies that sell the fuel decide petrol and diesel prices.
Those companies also set the dealers’ commissions.
Dealers say their margins have not increased for about 10 years.
They also handle large sales volumes, which affects their finances.
The association has sent a letter asking for help.
It says dealers may take further action if nothing changes.
The United Petroleum Dealers Association asked the ministry of petroleum to waive merchant discount rates, or digital transaction charges.
The association says dealers and retailers operate on thin margins across the country.
Petrol and diesel prices are set by oil marketing companies, while dealer commissions are fixed.
General secretary M. Amarender Reddy said dealer margins have not increased for about 10 years.
The association warned that dealers may take further action if no response is received.
- Who
- The United Petroleum Dealers Association and petroleum dealers and retailers.
- What
- They requested an exemption from merchant discount rates, or digital transaction charges.
- Where
- The request concerns petroleum dealers and retailers across the country; the report is datelined Hyderabad.
- When
- The request was reported after the association sent its letter; no exact date was provided.
- Why
- Dealers say they have thin, unchanged margins, fixed commissions, and no control over fuel prices.
Key facts
- Request
- Exemption from merchant discount rates or digital transaction charges
- Requester
- United Petroleum Dealers Association
- Recipient
- The ministry of petroleum
- Dealer margin
- No increase for around 10 years, according to M. Amarender Reddy
- Price control
- Petrol and diesel prices are determined by oil marketing companies
- Commission
- Dealer commissions are fixed by the companies
- Possible next step
- Dealers may take further action if there is no response
Quotes
M. Amarender Reddy
General secretary of the United Petroleum Dealers Association
“It has been around 10 years that there is no increase in our margins. Several dealers are facing difficult situation. The sales are in high volumes and that directly affects the dealers.”
deccanchronicle.com
“As of now it is the initial stage, if there is no action, the dealers will take the next step for getting the exemption.”
deccanchronicle.com
Sources
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