Pune: CNG Sales To Be Halted From August 10 At Torrent CNG Pumps As Petrol Dealers Demand Trade Margin Arrears
Sumit Singh
Pune, 3rd August 2023: In a bid to demand the release of long-pending trade margin arrears, all 42 petrol dealers in Pune district have unanimously decided to suspend the sale of Compressed Natural Gas (CNG) on Torrent CNG pumps from 10th August 2023. The decision was announced by Dhruv Ruparel, President and Working Committee member of the Petrol Dealers Association Pune.
Speaking to the press, Dhruv Ruparel shed light on the situation, stating that the dealers have been waiting for the release of trade margin arrears totaling 7 crores from oil companies and Torrent Gas. The dealers claim that they have written to the concerned authorities multiple times, requesting the release of the funds, but have received no response.
Ruparel mentioned that a meeting was previously held under the leadership of the then Minister of Food and Civil Supplies, Ravindra Chavan, to address this issue. However, despite their efforts, the dealers have not received the minutes of the meeting, and their demands have been seemingly ignored by the concerned stakeholders.
“The continuous lack of action on the part of oil companies and Torrent Gas has resulted in a significant disparity in trade margins within the same district. Such a situation is untenable for us as dealers, and we cannot continue to operate under these financial constraints,” Ruparel asserted.
The decision to suspend CNG sales was not taken lightly by the dealers, as they are aware of the potential inconvenience it may cause to the public. Nevertheless, they feel compelled to take this step as their financial distress remains unresolved. The dealers hope that this action will finally draw the attention of the concerned authorities and prompt them to release the outstanding trade margin arrears.
The halt in CNG sales is expected to impact commuters and businesses that rely on CNG as a clean and affordable fuel option. With the deadline set for 10th August 2023, the petrol dealers remain resolute in their stance until the trade margin amounts are duly credited to their account statements.
The situation is being closely monitored by both the public and the authorities, as it has the potential to affect the overall transportation sector in Pune. The Petrol Dealers Association Pune is determined to continue its fight for fair trade practices and financial stability for all stakeholders involved.
Note: Attempts to contact Torrent Gas and the concerned oil companies for their comments on the matter were unsuccessful at the time of reporting.
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