THIRUVANANTHAPURAM (NNN-Bernama) -- Some 1,800 petrol retail outlets in Kerala state would remain closed on Nov 1 and 2 to protest the public sector Oil companies move to sanction new outlets in the state, Press Trust of India (PTI) reported.
All Kerala Federation of Petroleum Traders in a memorandum submitted to Chief Minister Oommen Chandy Tuesday, said oil companies had proposed to sanction 1087 new outlets in the state by floating guidelines.
Federation President 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, Ahamedabad, and the financial viability of an outlet was fixed at 130 kilo liter 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 kilo litre," he added.
Vallkalli said the Federation had sought Chief Minister's intervention to reverse the move of Oil companies. --NNN-BERNAMA
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