Profit Margin for Stations: + 20 cents on a liter of Petrol and +19 in the Diesel
6 November 2013 - Défi Media Group
It should be noted that the Petrol retailers Association (PRA) had called for a 6% increase in its profit margin. However, media attention, it was noted that the calculation to arrive at 20 cents on a liter of petrol and 19 cents on a liter of diesel is based on several factors, including the rate of inflation.
However, the good news is that this increase will have no impact on motorists. It will be included in the selling price of petrol and diesel and drawn the Price Stabilization Account is a separate account.
However, the part of managers of service stations is not complete satisfaction. "This increase in our profit margin is not necessarily what we expected. The 6% increase we claim to have been used to cover the various services we offer and also hope that we can introduce more security measures, "says Bhanoo Seegobin, the president of the Petrol retailors Association.
In addition, the President of the PRA emphasizes that the key points that was raised with the authorities for the evaporation of the fuel stored in the stations. This evaporation is about 1% swallowed some 30% of the profit margin of gas stations. He added: "I think there's some things that need to be well defined, the rate of evaporation, so we can look at the measures to be adopted.
In addition, the inflation rate and transaction costs rates rose. If we find solutions to the various problems that we have it will be possible to establish the profit margin required to service stations. This increase is a slight relief. "
Price unchanged for sale at the pump
On October 31, the Petroleum Pricing Committee met and decided to keep the sale price at the pump for gasoline and diesel unchanged. Is Rs 52.25 for a liter of petrol and Rs 43.95 per liter of diesel.