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.



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