Economy

54000 petrol pumps to remain shut on October 13

54000 petrol pumps to remain shut on October 13”

54,000 petrol pumps across the country will stop their services on Friday, October 13 if the demands of the United Petrol Front (UPF) are not fulfilled by the government. Now the situation seems to have worsened as the UPF, the umbrella organisation to all three nationwide organisations of all petrol dealers - Federation of All India Petroleum Traders, All India Petroleum Dealers Association and Consortium of Indian Petroleum Dealers in a meeting made a decision to abort services throughout the nation if their demands are not met.

Meanwhile, a petrol dealer said that the decision to combine the three top dealers' association under an umbrella organisation UPF would result in better coordination and uniform action to fight for their common demands with the OMCs.

The strike is to press for long-pending demands ignored by the state-run oil marketing companies (OMCs) since an agreement was signed last November, it said. This will be followed by an indefinite closure of purchase and sales of all petroleum products from October 27 till the trade anomalies are resolved, a joint communique from presidents of the three bodies here stated.

Earlier, in the month of June, petrol pump owners had called off their proposed strike over daily revision of petrol and diesel prices after the government agreed to change the timing to 6 am everyday instead of midnight. The OMCs recently (October 2) amended the marketing discipline guidelines to penalize retail outlet dealer up to Rs 2 lakh as against monthly business return of Rs 27,500 on 170-kilo litre national throughput volume basis, which is arbitrary, unjustified and unconstitutional, he maintained.

Among other grievances, fuel dealers are also against the daily price mechanism introduced from July 1, saying it has benefited neither the consumers nor the dealers.



Like this

Latest


08 October 2017
Police hunt for driver after elderly woman killed in Bronx hit-and-run
Police responded to a call Friday night about a pedestrian struck in front of 1779 Pitman Avenue, officials said. Witnesses say the driver of the van exited the vehicle and ran fled in an unknown direction.

08 October 2017
Minnesota man lived with 'mummified' bodies of mother and twin brother; charged with interference with a dead body or scene for not telling police they died of natural caused
Reports say the mother's body was decomposed and skeletal while the brother's body was "mummified". The bodies remained inside the home for a year with Kuefler living beside them.

08 October 2017
Cabot Oil & Gas Corporation (NYSE:COG) Experiences Lighter than Average Trading Volume
Therefore 70% are positive. 04/21/2017 - Cabot Oil & Gas Corporation was downgraded to "outperform" by analysts at Raymond James. It has underperformed by 15.45% the S&P500.The move comes after 7 months negative chart setup for the $11.88B company.

07 October 2017
Joe Girardi on Yankees' Game 2 collapse: 'I screwed up'
Austin Jackson will start in left field against NY left-hander CC Sabathia , and Yan Gomes will catch Kluber. Chapman - or the person running the pitcher's official Instagram account - gave the comment a "like".

07 October 2017
Karva Chauth 2017 Songs : 5 Best Bollywood Songs to celebrate Karwa Chauth
She sings Apni maang suhaagan ho sang humesha saajan ho in the song Bole Chudiyan and offers prayers to the moon . The first one is that Veeravati wept through the night until her will and pain compelled a goddess to appear.

07 October 2017
Britney returns to stage
Though she didn't mention the shooting explicitly, the mom of two's poignant message was clearly referring to the recent tragedy. The image was emblazoned with the words "Pray For Las Vegas" and captioned: 'Completely heartbroken over the news this morning.

07 October 2017
Netflix is Increasing Monthly Subscription Prices
The top-tier plan, which allows streaming on four screens in high definition, was raised to $13.99 per month from $11.99. Many Netflix subscribers across the United States are going to be a little lighter in the wallet starting next month.

07 October 2017
Street Fighter V: Arcade Edition Coming to PS4 and PC Next Year
Choose from six different paths and compete in matches against CPU opponents to reveal unique endings based on player performance. For those who were wondering, allow me to put your mind at ease: you won't have to pay again if you already own Street Fighter 5.

07 October 2017
4th Fort Bragg-based solider killed in Niger is identified
There are about 800 US military personnel in Niger helping that country's counterterrorism efforts against extremist groups. Eight Niger soldiers and two USA soldiers were wounded, according to a statement by Niger's Army Chief of Staff.

07 October 2017
How Jason Taumalolo handled it was disappointing - Kiwis selector Tony Iro
Echoing Johnson's comment about playing with "this group of men", Blair said Taumalolo wasn't man enough to confront Kidwell about his decision.