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Petrol outlets to remain closed on Nov 1-2

As many 1800 petrol retail outlets in Kerala would remain closed on November 1 and 2 to protest the public sector Oil companies move to sanction new outlets in the state.



Thiruvananthapuram: As many 1800 petrol retail
outlets in Kerala would remain closed on November 1 and 2 to
protest the public sector Oil companies move to sanction
new outlets in the state.

All Kerala Federation of Petroleum Traders in a memorandum
submitted to Chief Minister Oommen Chandy said oil companies
had proposed to sancton 1087 new outlets in the state by
floating guidelines.

Federatation President Alex Vallakali said that while the
existing outlets were finding difficult to survive, the rate
at which new outlets were coming up would deteriorate their
volumes of sales.

As per the direction of the Centre, a study of Indian
Institute of Management, Ahamedabad, the financial viability
of an outlet was fixed at 130 kilo liter per month. `It is
wellknown that the average sale of outlets in Kerala is far
below this and it would come to around only 100 KL`, he
added.

Vallkalli said the Federation had sought Chief Minister`s
intervention to reverse the move of Oil companies.

PTI

From Zee News

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