Business Standard

PETROL PUMPS NOT TO SHUT SHOP ON SUNDAYS

- SHINE JACOB New Delhi, 13 May

A group of petrol pump owners said on Saturday that they have deferred their plan to stay shut on Sundays. On April 10, the Consortium of Indian Petroleum Dealers (CIPD) had asked its members to shut shops on Sundays starting May 14, in line with Prime Minister Narendra Modi’s vision to reduce fuel consumptio­n. “We have been called by the government for a meeting in this regard on May 17 in Mumbai. Hence, we have asked our retail outlets to stay open on Sunday,” A D Sathyanara­yan, President, CIPD.The CIPD has presence in Kerala, Tamil Nadu, Karnataka and Maharashtr­a. SHINE JACOB reports

A group of petrol pump owners on Saturday said it has deferred the plan to shut shop on Sundays.

On April 10, the Consortium of Indian Petroleum Dealers (CIPD), which claims to have 25,000 members, asked its members to shut shop on Sundays starting May 14, in line with Prime Minister Narendra Modi’s vision to reduce fuel consumptio­n. “We have been called by the government for a meeting in this regard on May 17 in Mumbai. Hence, we have asked our retail outlets to stay open on Sunday,” A D Sathyanara­yan, president, CIPD, said. The associatio­n cited a Mann ki Baat radio address, in which Modi said fuel consumptio­n is a major area where people can contribute to “new India”, as a trigger for its decision. “If every citizen resolves to obey traffic rules, if every citizen resolves that he will discharge his duties honestly, if every citizen resolves he will not use petrol or diesel one day in a week — these are not very big things, but these will contribute to the realisatio­n of the dream of this country,” the PM had said.

According to this year’s March figures, India has 56,190 fuel retail outlets, of which public sector majors, such as Indian Oil Corporatio­n, Bharat Petroleum Corporatio­n and Hindustan Petroleum Corporatio­n, have a combined network of 52,604 outlets. The private players in the sector are Shell, Reliance and Essar Oil. On a monthly basis, each of these outlets consume 170 kl of fuel.

The petroleum ministry had gone out in public against the associatio­n in a tweet, stating “@PetroleumM­in neither endorses nor approves of move by small section of dealers to keep their petrol pumps closed on Sundays. Such closure of petrol pumps by a small section of dealers will lead to inconvenie­nce to general public.”

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