Energy
0

Financial Constraints Pushing Gas Pumps Over the Edge

Financial Constraints Pushing Gas Pumps Over the Edge
Financial Constraints Pushing Gas Pumps Over the Edge

At least 60% of filling stations cannot meet their current expenses and are on the verge of insolvency due to high inflation, the head of Gasoline Station Owners Association said.
“Gas station commission fees are not proportional to the inflation rates and unless fees are boosted, many stations will go bankrupt due to their growing costs,” Homayoun Salehi was also quoted as saying by ISNA.
No rise in gas-station owners' commission has taken place in years, while the commission for CNG sales has been raised by the government, he added.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com