Petrol, diesel traders withdraw strike call
Traders of petrol and diesel have decided to call off their 24-hour strike, proposed from midnight on Friday.Updated: Apr 13, 2007, 05:54 IST
Traders of petrol and diesel have decided to call off their 24-hour strike, proposed from midnight on Friday, after Petroleum Minister Murli Deora assured them that he would look at their demands sympathetically.
The strike had been called by the Federation of All India Petroleum Traders that claims a membership of 32,000 petrol and diesel stations across the country.
The federation has been demanding a hike in commissions to an ad valorem rate of 5 per cent, as opposed to the existing rate of 80 paise per litre for petrol and 50 paise per litre for diesel.
At a meeting with Deora on Thursday, they said that even in the neighbouring countries, the commission varied between 4-5 per cent and were ready for lower or higher commission and as and when the prices fluctuated.