Financial Daily from THE HINDU group of publications
Tuesday, Apr 19, 2005
Financial Daily from THE HINDU group of publications Tuesday, Apr 19, 2005 |
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Petroleum Marketing - Channels and Franchises Petrol pumps observe strike as talks fail Our Bureau
FUEL-FREE RIDE: This cyclist is little affected by the petroleum dealers' strike on Monday as vehicles queue up at a State Government-owned petrol pump in Bhopal. Petrol pumps remained closed for a day across the country following the strike call by the Federation of All-India Petroleum Traders. - A.M. Faruqui
New Delhi , April 18 PETROL pump owners across the country went on a day-long strike on Monday after repeated attempts to convince the Government for increasing the commission on sale of petrol and diesel met with little success. The Federation of All-India Petroleum Traders (FAIPT) is demanding an increase in dealer commission to 5 per cent on invoice value from the current 1.59 per cent for petrol and 1.27 per cent for diesel. Speaking to Business Line, Mr Ashok Badhwar, President of FAIPT, said that the meeting with the Petroleum Minister, Mr Mani Shankar Aiyar, on Sunday night yielded no results. "All that the Government was pressing for was withdrawing the call for strike, without giving any commitments on our demands," he said. Even as the production cost has increased by 37 per cent, dealer's commission has remained stagnant, Mr Badhwar added. "This is our way of expressing protest. When all the other categories have seen an upward movement in tariff structure, why leave behind the dealers?" FAIPT is also demanding uniform pricing of petroleum products all over the country and quality checking equipment at petrol pumps to enable monitoring the quality of products delivered by oil companies at the pumps. The Government is yet to share with FAIPT the recommendations of the high-level committee that is examining the issue. However, company-owned-company-operated outlets, constituting nearly 20 per cent of over 25,000 petrol stations, were doing business as usual.
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