Sale of fuel dropped 10% more than normal due to Covid-19: CIPD

The Consortium of Indian Petroleum Dealers have for the second time written to the three major oil companies, seeking a stimulus financial package, saying it is very challenging to operate as fuel sales have dropped more than 10 per cent from normal due to the Covid-19 outbreak.

CIPD President M Narayana Prasad said the oil marketing companies HPCL, IOCL, BPCL had neglected to revise the dealer margins since August 2017 which subsequently led to retail outlet operations becoming ‘exceptionally challenging’.

CIPD had already written a similar letter to the OMCs on April 11.