October 18th, 2011
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Kerala petrol retail outlets to go on strike

petrol pump goes on strikeThiruvananthapuram: Protesting against the public sector oil companies move to sanction new outlets in the state, 1,800 petrol retail outlets in Kerala would remain closed on November 1 and 2. The All Kerala Federation of Petroleum Traders in a memorandum submitted to the Chief Minister, Mr Oommen Chandy, said the public sector oil companies had proposed to sanction 1,087 new outlets in the state by floating guidelines.

The federatation President, Mr Alex Vallakali, said that while the existing outlets were finding difficult to survive, the rate at which new outlets were coming up would deteriorate their volumes of sales. As per the direction of the Centre, a study of Indian Institute of Management, Ahmedabad, the financial viability of an outlet was fixed at 130 kilo litre per month. “It is well-known that the average sale of outlets in Kerala is far below this and it would come to around only 100 kl,’’ he added.

Mr Vallkalli said the federation had sought the Chief Minister’s intervention to reverse the move of oil companies.


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