Connect with us

Top News

Oil distribution mechanism impacting trade: Pump owners

Published

on

Petroleum Dealers Association

Kolkata: About 25,000 petrol-pump owners on Saturday complained of the growing discontent in the distribution mechanism, with fluctuating oil prices impacting their trade.

“Normally, oil price changes are implemented at midnight either on 15th or 31st of every month. However, in the past instances, the price changes are happening at random dates flouting this norm. This is resulting in petrol pump owners across India incurring losses and shortage of oil supply at times,” general secretary of West Bengal Petroleum Dealers Association (WBPDA), Saradindu Pal told IANS on Saturday here.

WBPDA is part of All India Petroleum Dealers Association, an industry body representing over 25,000 petrol-pump owners in the country.

He said the procuring cost of oil is becoming unstable in this process and petrol pump owners need to be compensated.

“We have written a letter to Hindustan Petroleum, Bharat Petroleum and Indian Oil to compensate oil dealers in this regard and awaiting reply,” he said.

He alleged when the oil prices rise, oil public sector (PSU) companies stops the supply of oil citing various reasons but when the oil price decreases, the oil sellers “forcefully” books an order.

“We demand that credit notes for purchase made three days prior to price change should be given”, he said.

Pal also said the ongoing system of commission from the oil PSUs is “unrealistic and rigid”.

“It must be transparent, prepared with realistic figures and must be able to effect changes without delay. All businesses in the country today operate on a percentage basis, taking care of the changes as they happen like change in wages, electricity costs, indirect taxes and cess etc except for petroleum trade”, he said.

The association said with the oil PSUs getting more aggressive to push oil sales, licenses are given haphazardly to people to enter the oil retailing trade which is proving to be detrimental to the industry.

“The system of opening new outlets today is mindless and results in a national waste of money and resources. Any business expansion is based on economic viability and accountability. New retail outlets must be opened by doing proper viability survey and officials must be held accountable for their decisions if found unjustified”, he said.

Top News

Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

Published

on

By

World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

Continue Reading

Trending