The Federation of All-India Petroleum Traders (FAIPT) on Wednesday said it will go on an indefinite strike September 20 to press for demands such as raising the commission on fuel sales and a uniform rate for petroleum products across the country.
Petrol pumps on Monday did business as usual as the day-long strike call given by Federation of All India Petroleum Traders evoked no response from the fuel station owners.\n\n\n\n
As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit. The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources. Government and state-run companies denied reports of any crisis or supply-side issues on the availability of fuel.
IOC said the daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency on the pricing mechanism.
Petrol dealers called off the strike planned for Friday to protest against government not passing off the benefits of drop in prices of petroleum.
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