Advertisement

HindustanTimes Tue,02 Sep 2014

No plans to go on strike: petroleum traders' body

PTI  New Delhi, September 30, 2012
First Published: 11:00 IST(30/9/2012) | Last Updated: 11:05 IST(30/9/2012)

Federation of All India Petroleum Traders, an umbrella body which claims to represent most of the 42,000 petrol pump operators in the country, said on Sunday that it has no plans to go on strike as the government was considering raising dealers commission.

Advertisement

FAIPT said there was "no truth" in petrol pumps not making any fuel purchases on October 1 and 2.

"Petrol pumps all over the country shall be operating normally without any disruption on October 1 and 2," it said in a statement.

"The ministry of petroleum and natural gas has already written to the oil marketing companies to address the issues and demands of the dealers within a period of 15 days and as such there is no reason or occasion for members of FAIPT to resort to any agitational approach."

The Confederation of Indian Petroleum Dealers, which some months back broke ranks from FAIPT headed by Ashok Badhwar, had last week said dealers were in "deep financial trouble" because of increased operational costs and are "left with no option but to cut the cost of operations".

"With our backs to the wall, it was resolved that the retail outlets will operate single shift from October 15 to cut costs on manpower and electricity as acute austerity measures," CIPD said claiming dealers would not buy petrol and diesel from oil companies on October 1 and 2.

FAIPT said dealers commission on petrol needs to be raised from Rs. 1.49 per litre on petrol currently to Rs. 2.16 a litre and that on diesel from Rs. 0.91 to Rs. 1.32 per litre, as per a cost analysis done on an all India basis.


Advertisement
more from Business

Sensex surges past 27,000 to third consecutive life high

The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved