Petrol pumps may observe nationwide strike on 15 November
- Temporary staffing firms seek rapid growth through a spree of acquisitions
- Jet Airways: cost reduction isn’t good enough?
- Edible oil duty hike doesn’t spoil investor appetite for packaged food stocks
- Company earnings estimates continue to be cut after September quarter results
- What the Moody’s rating upgrade does not change for the Indian economy
Hyderabad: Country’s petroleum dealers, who are on a 2-day no-purchase strike since Thursday, have threatened to go on a full-fledged strike on 15 November to press for their demand to increase commission.
Besides, petrol pumps will be selling fuel for limited hours from Saturday and will not operate on Sundays or any other government holidays, the Consortium of Indian Petroleum Dealers (CIPD) said.
According to CIPD joint secretary Rajiv Amaram, all the 54,000 petrol pumps across the country will observe one-day strike on 15 November if the oil companies do not heed to their demand.
He said that in Telangana alone, over 1,400 truckloads of petrol and diesel was not lifted yesterday and today by petroleum dealers in the state.
“We have stopped purchasing petroleum products yesterday and today. From tomorrow, we will sell petrol or diesel or any other product according to government office timings like 9am to 6pm. We will also not sell on Sundays or any other government holidays. If the government does not listen to us then we will call for a strike on 15 November,” Amaram told PTI.
He said petrol pumps will save considerable amounts on electricity bills if they stick to limited hours selling. The CIPD has demanded implementation of the recommendations made by the Apoorva Chandra Committee in 2011.
The committee recommended commissions of over Rs4 for petrol and about Rs3 for diesel per litre. The then UPA government hiked the commission on petrol to Rs2.15 and diesel to Rs1.28 from Rs1 and Rs0.70, respectively.