India: Petroleum Dealers Federation Threathen Strike
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Monday, 05 May 2008 |
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The Federation of All-India Petroleum Traders (FAIPT) has threatened
to go on an indefinite strike in June and close down the entire petrol retail network if their demands are not met.
According to FAIPT general secretary Ajay Bansal, the Petroleum
Ministry had last year conveyed to the dealers that from April 1, 2008,
their proportion of margin and commission would be reviewed positively.
It had stated that the current formula of calculating fixed margin and
commission would be changed to percentage basis having direct link to
the price of fuel fixed by the government.
However, till date, the Ministry had failed to implement it and the
matter was taken up with the Ministry officials some time ago. The
response of the government was not positive and it was decided that the
representatives of the federation would meet in Pune on May 24 to issue
a 15-day ultimatum to the government.
Mr. Bansal said the operating cost of running petrol pumps had gone
up by 37 per cent in the last one year due to inflation and other
factors.
The FAIPT has demanded 5 per cent commission on invoiced value by
applying the percentage basis formula, making available market test
kits to all dealers, not closing pumps for stock loss as promised by
the Ministry and increase in evaporation limits.
PetrolWorld 040508
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