Tuesday, October 18, 2011: 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 well known that the average sale of
outlets in Kerala is far below this and it would come to around only 100
KL’, he added.
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