Chennai NewsNews

Petroleum Dealers Seek ECI’s Protection for Daily Cash Remittances During MCC

As the Model Code of Conduct (MCC) limits cash-carrying to ₹50,000, petroleum dealers are grappling with the challenge of remitting large sums into their bank accounts daily. With around 50% of transactions in fuel outlets conducted in cash, dealers face the risk of having their remitted amounts seized by Revenue officials or the police.

Despite providing necessary documentation, seizures occur frequently, disrupting their operations and threatening fuel availability. This situation poses a significant risk for small outlets, which may struggle to pay for fuel the next day if their cash is seized. In response, the Tamil Nadu Petroleum Dealers Association and the Consortium of Indian Petroleum Dealers are urging the Election Commission of India (ECI) to establish a system ensuring the protection of their cash remittances during the MCC period.