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Fuel pump owners seeks reduction of gap between oil and CNG prices.

ISLAMABAD, July 08, 2011 (Frontier Star): Petroleum Dealers Association has stressed the Oil and Gas Regulatory Authority (OGRA) & Federal Petroleum Ministry to reduce the differences between Petroleum products and CNG to console the sinking petrol pump industry of the country. President Petroleum Association Swat Waheed-ur-Rehman said while speaking in a press conference held on Thursday here at National Press Club said petrol pump owners of the country are suffering worst circumstances since long, as transport industry witnessed prominent increase in CNG usage for fueling vehicles. Moreover, he said that OGRA denied the issuance of licenses for establishment of CNG plants due to which the petrol pump owners are facing continuous decline in oil business. The President highlighted that presently the owners of fuel pumps/petrol dealers receiving only one and half rupees as commission on the sale of per liter petrol that is too meager to meet the expenditures for consistent supply of petroleum products. "Petrol dealers pay Twenty lakh in advance to the government for supply of per 20,000 liters, therefore, the authorities should increase the commission from one rupee to at least five rupees per liter in response of their effective contribution to the government repository", the president said. To a question about illegal CNG license holders the President said that their country wide association whose head office is situated in Karachi has no concerns over the cancellation of fake licenses, as OGRA developed the list of all license holders. Meanwhile Waheed-ur-Rehman said when oil prices goes up the government stocks the petroleum products and reduces the supply to the dealers. He said sale of Mobil oil also not sufficient to complete the losses of the fuel pump owners, however, some times the dealers sold Mobil oil on low prices to overcome the losses due to cutback of oil supply. While disclosing the future policy of the move, the president said that a joint session of the petroleum associations of the country will be called soon to win attention of the concerned authorities regarding dying business of oil dealers.

(THROUGH ASIA PULSE)
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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Jul 8, 2011
Words:345
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