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Sun, Nov 19, 2017 | Last Updated 3:41 pm IST

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Petrol Dealers withdrew their strike

Petrol Dealers withdrew their strike
Petrol Dealers withdrew their strike
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It is usual that price revisions  for fuels used to come into effect from midnight .This is not a comfortable one for the owners as the dealers would have to deploy manpower everyday to change rates in the middle of the nightThey proposed a strike regarding this issue.But now they with drew from it as the  Government agrees daily revision of petrol and diesel prices at 6 am everyday instead of midnight.

Petrol Dealers withdrew their strike

Oil Minister Dharmendra Pradhan said the new timing was a very agreeable demand form the dealer side so daily price revision will be implemented from June 16 as previously decided.

Petrol Dealers withdrew their strike

Private pump owners, who form the majority  of the nation’s 54,000 retail outlets of the public sector firms threatened the Government  to go on a strike regarding the issues to  revise prices every midnight.Till now, rates are decided and changed on 1st and 16th of every month.So many factors decide this  like average international oil price and foreign exchange rate of the previous fortnight

Pradhan also said the oil companies are planning to automate the entire fuel supply chain -- from refinery transportation to fuel pumps -- so that manual intervention is reducedas much as possibleAs of now  only 20% of the petrol pumps are automated.

Petrol Dealers withdrew their strike
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