The Federation of All India Petroleum Traders has written a letter to Petroleum Minister Dharmendra Pradhan. In the letter, they informed him about the strike going to be held on June 16. The Federation has decided this strike to protest against law made by oil marketing companies to revise fuel prices on a daily basis from June 16 onwards.
To acclaim the strike, FAIPT said “Our National President Ashok Badhwar wrote a letter to the Minister for Petroleum & Natural Gas Dharmendra Pradhan informing him about the no purchase no sale on June 16, 2017, by the petrol pumps of the country in protest against the decision of oil marketing companies to change the retail price of petroleum products on daily basis”. FAIPT also stated that “Petrol dealers see a dark road ahead of them if such a misinformed decision is put in practice”.
According to FAIPT, the daily revision of prices will have an adverse impact on the dealers’ health. Since the price changes are usually announced past midnight, and dealers have to be present at the pump to ensure that the new prices are implemented. Such an effort once in a fortnight can be accepted but daily would be beyond the physical competence of all the dealers, FAIPT added.