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.
Move is aimed at providing better service to the customers.
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.
The ministry had recently promised these dealers to increase their commission by Rs 397 per kilolitre (kl) on petrol and Rs 170 per kl on diesel. Dealers now get a commission of Rs 1,230 per kl on petrol and Rs 730 per kl on diesel.
The strike by the oil company executives under the umbrella of the Oil Sector Officers Association has brought the country to a grinding halt with over 90 per cent of petrol pumps across the country running dry.
Dealer-operated petrol pumps across the country would be open for business as usual on Wednesday, even as officers of state-owned oil companies plan to strike work.
The dealers claim that the oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- are rationing normal petrol and diesel to their retail outlets. As a result, premium fuels make up almost 50 per cent of the sales of the 410 outlets in Delhi. Oil companies add certain additives to normal petrol and diesel that offer better performance of vehicle engines.
Petrol dealers called off the strike planned for Friday to protest against government not passing off the benefits of drop in prices of petroleum.
About 32,000 petrol pump dealers across the country will go on a day-long strike on April 13 to press for their demands and have threatened to launch an indefinite shutdown from April 28 if their demands are not met by then.
Dealer-operated petrol stations across the country will remain closed on April 13 as part of a token strike to voice their demand for higher commission.
Petrol pumps across the country are closed on Monday as the owners are on a day-long strike demanding an increase in commission on sale of petrol and diesel.
Almost all petrol pumps across the country on Monday went on a day-long strike to press for hike in commission on sale of petrol and diesel even as handful of company-owned outlets tried to meet fuel needs of the people.
Petrol pumps across the country will shut shop on Monday to demand increase in commission on sale of petrol and diesel.
Petroleum retail outlet owners throughout the country have threatened to go on a 24-hour strike from midnight of 19th of this month if their commission is not increased.
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 many as 67 petrol pumps across Delhi, Noida, Gurgaon and Rohtak will offer 50 paise per litre discount on petrol to consumers who exercise their voting rights on April 10.
Oil Minister Dharmendra Pradhan said the new timing of the price change was agreeable to the dealers and so daily price revision will be implemented from June 16
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.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
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