Chandigarh, Oct. 15 -- The Petrol Pump Dealers' Associations on Wednesday sought a meeting with the Ethics Committee of Oil Marketing Companies (OMCs). The associations are demanding a full exemption from merchant discount rate (MDR) charges on UPI payments, revision of dealer margins to 7% of the billed value, and the equalisation of VAT rates on petroleum products with Chandigarh to prevent fuel smuggling.

Addressing a joint press conference, Representatives of the Rashtriya Jan Udyog Vayapar Sangathan (RJUVS), Federation of All India Petroleum Traders (FAIPT), Petroleum Pump Dealers Association Punjab (PPDAP) and Petroleum Dealers Welfare Association Haryana (PDWAH), said the retail fuel sector was facing severe financial stress due t...