OMCs seek advance payments for supplying petrol, diesel amid West Asia crisis
Credit options
Uday Lodh, national president of the Consortium of Indian Petroleum Dealers (CIPD), who earlier was the president of the Federation of All Maharashtra Petrol Dealers Association (Fampeda), said all three state-run oil marketing companies have started seeking advance payments. Earlier, these companies offered some credit lines stretching for a few days, he said. CIPD represents about 30,000 petrol pumps in the country, and is one of the three national level bodies for petroleum dealers.
Post Comment