Petroleum dealers to go on strike on October 12 midnight
Posted on: 10/Oct/2017 11:06:58 AM
On Monday, the Unified Petroleum Front has announced that petroleum dealers nationwide will be shut for 24 hours from October 12 midnight, giving a push to their demands including the need to rectify trade anomalies.
If the government doesn’t come forward to relent, the UPF says it would go on an indefinite closure of purchase and sale starting from 27th October as long as it takes for the trade anomalies to get resolved.
Addressing the reporters, B R Ravindranath, the President of All Karnataka Front of Petroleum Traders said OMCs (Oil Marketing Companies) are working out to resolve the issues and demands they have earlier agreed to resolve on 4th November 2016.
Issues about revising return of investment, revising dealer margin for once in every 6 months, studies on petroleum product handling losses, change in manpower requirement, issues with product transportation, and ethanol blending without the need for proper requirement shall get resolved, said OMC sources. However, not even one of these is addressed, Ravindranath stressed.
It is totally unjustified and arbitrary in the decision to penalize dealers according to the amendment in Marketing Discipline Guidelines, petroleum dealers claim. In fact, the manufacturers of equipment don’t even guarantee for zero tolerance behavior in their own equipment.
