July 25, 2021

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Petrol price crosses Rs 100 mark in 12 districts in Tamil Nadu in two days

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The price of diesel continues to be less than petrol but the difference between the price varies from state to state as states impose different vat slabs for petrol and diesel.

CHENNAI/CUDDALORE: The price of petrol breached the Rs 100 mark in 12 districts in Tamil Nadu over the past two days after the oil companies effected an upward revision of the price over the last two days. Kumaratchi village near Kattumannarkoil in Cuddalore district breached the Rs 100-mark per litre in the state, when the retail price was fixed at Rs 100.17 per litre on June 14.

In Chennai, petrol per litre retailed at Rs 98.88 on Friday and just over a rupee short in breaching the Rs 100 mark. Among the major metropolitan cities, Mumbai breached the Rs 100 mark per litre three weeks ago.

According to Tamil Nadu Petroleum Dealers’ Association, the retail selling price is fixed only by the oil companies and the price crossing Rs 100 in some districts is mainly due to the distance from the fuel loading point to the fuel stations. So far petrol price has crossed Rs 100 in Cuddalore, Dharmapuri, Dindigul, Kallakurichi, Krishnagiri, Nagapattinam, Nilgiris, Ramanathapuram, Tiruvannamalai, Tirupattur, Vellore and Villupuram districts.

“The price of petrol and diesel are revised daily from June 2017 after the Union government decided to adopt dynamic pricing policy, doing away with the policy of revising prices every fortnight. The Centre imposes uniform excise duty on petrol and diesel, but vat imposed by states and differences in commission charged by oil companies and the transportation cost add to the price of the fuel. The price will be always higher at bunks that are located far from their filling terminals, when compared to price at bunks located near,” said Tamil Nadu petroleum dealers’ association president K P Murali.

The price of diesel continues to be less than petrol but the difference between the price varies from state to state as states impose different vat slabs for petrol and diesel.

“We have been demanding for uniform rates across the country and to raise the dealer margin as the rise in fuel prices affects the dealers as much as the end consumers,” said Murali. The association has already appealed to the central government to restructure the dealers’ margin as retail outlet dealers cannot meet the overheads with meagre margin and are forced to avail bank loan for survival.

In retail trade, dealers get a fixed margin per litre, which is pre-fixed by the ministry of petroleum. The Apoorva Chandra Committee, formed to study all aspects of fuel trade, had recommended in 2017 various aspects, of which periodical revision (every six months) of dealer margin was an integral aspect and this has not been implemented till date, Murali added.

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