Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Petrol pumps to be closed on Sundays in eight states from 14 May
BackBack

Petrol pumps to be closed on Sundays in eight states from 14 May

Starting 14 May, petrol pumps will be closed on Sundays in Tamil Nadu, Kerala, Karnataka, Puducherry, Andhra Pradesh, Telangana, Maharashtra and Haryana

The decision to close petrol pumps on Sundays was made in view of the Prime Minister Narendra Modi’s call during his recent ‘mann ki baat’ programme to conserve oil to save the environment. Photo: MintPremium
The decision to close petrol pumps on Sundays was made in view of the Prime Minister Narendra Modi’s call during his recent ‘mann ki baat’ programme to conserve oil to save the environment. Photo: Mint

Chennai: Beginning 14 May, petrol pumps in eight states will be closed on Sundays following Prime Minister Narendra Modi’s call to conserve oil, a fuel pump owners’ body said in Chennai on Tuesday.

“We had planned to shut our outlets on Sundays a few years back. But oil marketing companies had then requested us to reconsider our decision. Now we have decided to shut the outlets on Sundays," said Suresh Kumar, an executive committee member of the consortium of Indian petroleum dealers. He said the association’s decision was made in view of the Prime Minister’s call during his recent “mann ki baat" programme to conserve oil to save the environment.

Kumar, also the vice-president of Tamil Nadu Petroleum Dealers Association, said nearly 20,000 outlets in Tamil Nadu, Kerala, Karnataka, Puducherry, Andhra Pradesh, Telangana, Maharashtra and Haryana would be shut for 24 hours on Sundays, starting 14 May.

“In Tamil Nadu, we expect a business loss of Rs150 crore if we do not operate on a Sunday. But we have been seeing a decline in sales on Sundays by up to 40%," he said.

Asked if the association’s decision was supported by the oil marketing companies (OMCs), he said, “We will communicate our decision to them shortly." Kumar said the petrol pumps which normally have about 15 staff each would have one staff member on the holidays to provide fuel if there is an emergency situation.

On the issue of OMCs hiking the margins to petroleum outlets, he said the association was discussing it and would soon make an announcement in this regard. “That struggle is going on. We are meeting our association members shortly. We will announce our decision soon," he said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Apr 2017, 07:19 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App