Meera Kumari
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5 hours ago
AI indicator
When petrol and diesel prices rise overnight, the additional profit from existing stock in pump storage goes to the pump owners (dealers), not the oil companies. This is called 'Inventory Gain'. Conversely, if prices drop, owners face 'Inventory Loss'. Dealers purchase fuel in advance from companies like IOCL, BPCL, and HPCL, making them the owners of the stock. Their regular income is derived from a fixed dealer commission per liter, which covers operational costs like salaries and maintenance. https://www.dharitri.com/if-a-petrol-pump-has-leftover-stock-and-prices-rise-whose-pocket-does-the-profit-go-into/ #creator program