Govt refixes commission rates on sales of petroleum fuels

The government has reset rates of commission for the dealers and agents on the sales of petroleum fuels.

Despite reducing the percentage of the commission on the sales of the petroleum products, their commission rates were increased as the prices of all petroleum fuels were raised by the government in August last year.
In a gazette notification the Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources announced the decision on Tuesday refixing the commission rates for the dealers and agents, UNB reports.

As per the gazette notification, the dealers and agents will get 4.28 percent in commission on the sales of per litre octane, 4.24 per percent on the sales of petrol, 2 percent on sales of kerosene and 2.85 percent for per litre diesel.

Previously, the commission on octane and petrol was 4.9 percent, 3 percent on diesel and 1.92 percent on kerosene.

In terms of the value of the products, as the prices of all the petroleum fuels were raised by the government by up to 51.7 percent in August last year, the petrol pump owners said that the dealers and agents will get an increased rate of commission by Tk 0.50 for octane and petrol while Tk 0.28 for diesel.

The government re-fixed the commissions in terms of value of the products against the backdrop of the demand of the petrol pump owners.

They started observing a countrywide strike at the petrol pumps to raise the commission rates on the sales of petroleum products from September 2. But upon assurance from the government to raise the commission they called off their strike on September 3.

EM