Petrol pump dealers called off their planned nationwide strike on October 13 after state oil companies rejected their demands and warned them against closure.
“All the three constituents of the United Petroleum Front (UPF) have called off the proposed all-India strike planned for 13th and 27th October 2017. This was conveyed to the oil companies through written statements, underlining their decision to this effect,” Hindustan Petroleum said in a statement. UPF comprises the Federation of All India Petroleum Traders, All India Petroleum Dealers Association and Consortium of Indian Petroleum Dealers. The front had earlier announced a strike on October 13 and indefinite closure of sales and supplies from October 27.
“We have withdrawn the proposed strike since oil companies have advised us to do that,” an office-bearer at one dealer association said. Indian Oil, Hindustan Petroleum and Bharat Petroleum control about 54,000 petrol pumps across the country, or more than 90% of the fuel retailing market. The associations have been protesting recent changes in guidelines governing petrol pump dealers. Read more
Latest posts by The Economic Times (PTI) (see all)
- Corporate Funding In Solar Sector Touches $2.4 Bn In Q3: Report – October 17, 2017
- China Delays Indian Railways’ Ambitious High-Speed Train Project – October 15, 2017
- Petroleum Products Should Come Under GST: Sushil Modi – October 12, 2017