Profit Margin Revision: Petrol Retailers Association Is Waiting
3 October 2013 - Défi Media Group
The Petrol Retailers Association is still awaiting a revised upwards its profit margin. It is expected that the Minister of Commerce to make things happen in the days to come. Otherwise, a meeting of members of the PRA is scheduled for next Tuesday to decide how to proceed. But already, one of the remedies proposed is to seek the intervention of the Prime Minister.
"On May 13, we were going to go on strike, but the intervention of the Prime Minister has to settle the situation. However, the Minister of Commerce pledged to review the whole question of profit margin and other issues affecting service "stations says Bhanoo Seegobin, president of the PRA, highlighting at the end of the month of Last August, the Minister Cader Sayed-Hossen had a mission abroad, saying he would contact the PRA. Bhanoo Seegobin says that his members are frustrated by this situation and added: "Things are difficult. It is the only sector where costs continue to rise.
We requested the establishment of a mechanism for the review of our profit margin on an annual basis. But we are still waiting. "The president of the PRA regrets that service stations do only Rs 1.50 per liter on fuel and want to change that as soon as possible.