Mangalore, November 8: Dakshina Kannada and Udupi District Petroleum Dealers Association (DKUPDA) will be organising a state level petroleum dealer's conference on November 26 and 27 in Kundapur.
Revealing this to media persons at a press conference here on Tuesday, Satish N Kamath, chairman, conference committee, said that the conference would provide platform to exchange thoughts and also to share key information regarding the trade.
He said that petroleum trade has been under the threat for over a decade with shrinking margins, unhealthy competition among the oil companies by allotting more outlets where there is no potential hence leading to closure of outlets.
He said that the dealers condemn the increase in petrol prices which in turn affecting them in increase in their working capital and depleting margins.
He said that margin remains stable on per-litre basis and other expenses have grown exponentially like interest rates, hidden bank charges, salary, evaporation losses, and electricity charges also frequent power cuts in recent times.
Adding to that, Karnataka is most expensive state in the country as far as of fuel price is concerned and this is due to the higher Sales Tax and Entry Tax in the State, he observed.
Mr Kamath said, DKUPDA observed that the oil marketing companies have called for more than 3000 odd petrol pumps for the state which is being serious threat to the trade and on the other hand oil marketing companies are claiming huge losses due to high crude oil prices and dollar appreciation and are still submitting to setting up new outlets which costs crores of rupees on each new outlet, which shows the double standards of these oil companies.
Pointing to the price varies of petrol in southern part of the states he said, proper steps to be taken to control this and parity of prices petrol all over India is the objective of Association, and it is are supposed to give quantity with quality products which is not being done so far.
Vishwas Shenoy, President of DKUPDA, Mangalore said, “In order to run the trade and serve in the best possible way to the society we have added value added services like windshield cleaning, free air, clean toilets and neat housekeeping and to extend timings on our working hours”
“Hence the upcoming conference would enlighten the dealers and the aspiring of venturing into the trade on the legality aspects, profitability, statutory rules and business module of the trade also to encourage the entrepreneurs to venture into this trade to render best service to the society where there is enough potential and not going by the misleading advertisement of oil marketing Cos”, he added.
Oscar Fernades, MP, Rajyasabha, Nalin Kumar Kateel, MP, Mangalore, Shobha Karandlaje, Minister for Power, Food and Civil Supplies, Govt of Karnataka, Haladi Srinivas Shetty, MLA and Jayaprakash Hegde, former Union Minister will be the guest among others during the inaugural of two day conference.
Aithappa Alva, Secretory Conference Committee, Sudhir Bhandary, Secretary, DKUPDA, and Murulidhara Prabhu were present in the Press meet.
Petrol and Diesel Rates in Various Place of India:
Places Petrol Rates Diesel Rates
Delhi 68.64 41.29
Mumbai 73.81 43.23
Chennai 72.73 43.95
Hyderabad 76.4 45.08
Trivandrum 70.75 44.55
Bangalore 76.79 46.21
Welcoming the move Dr Arathi Krishna told coastaldigst.com that Indians stranded in any foreign country can utilize this facility. "Initially, I was approached by Mr Zakaria and Mr Sheik who wanted chartered flights to help their employees fly back to India. I asked them to write to the Indian Ambassador in Saudi Araia Mr Ausaf Sayeed. Then I requested the ambassador to forward the request to Joint Secretary Dr Nagendra Prasad, who is in charge of gulf division in the Ministry of External Affairs, and then to Secretary on charge of Gulf and then I requested Secretary of Economic Relations Mr T S Tirumurti who was also in charge of Gulf to follow this up," she said.
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