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Thiruvananthapuram: As many 1800 petrol retail outlets in Kerala would remain closed on November 1 and 2 to protest the public sector Oil companies move to sanction new outlets in the state. All Kerala Federation of Petroleum Traders in a memorandum submitted to Chief Minister Oommen Chandy said oil companies had proposed to sancton 1087 new outlets in the state by floating guidelines.
Federatation 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, the financial viability
of an outlet was fixed at 130 kilo liter per month. 'It is wellknown that the average sale of outlets in Kerala is far
below this and it would come to around only 100 KL', he added.
Vallkalli said the Federation had sought Chief Minister's intervention to reverse the move of Oil companies. PTI
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Federatation 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, the financial viability
of an outlet was fixed at 130 kilo liter per month. 'It is wellknown that the average sale of outlets in Kerala is far
below this and it would come to around only 100 KL', he added.
Vallkalli said the Federation had sought Chief Minister's intervention to reverse the move of Oil companies. PTI
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