GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

54,000 Petrol Pumps to Go on Nationwide Strike on October 13

The demands include implementation of the pending agreement signed with oil marketing companies on November 4, 2016, scrapping unfair penalties imposed under Marketing Discipline Guidelines, and approved but not given dealer margins.

IANS

Updated:October 7, 2017, 7:15 PM IST
facebookTwittergoogleskypewhatsapp
54,000 Petrol Pumps to Go on Nationwide Strike on October 13
Representative image (Courtesy: AP)
Mumbai: Around 54,000 petrol pumps all over India will go on a day long strike on October 13 in support of their long-pending demands, a petrol pump operators association official said here on Saturday.

Federation Of Maharashtra Petrol Dealers Association (Fampeda) President Uday Lodh said that a decision on the issue was taken at the first joint meeting of United Petroleum Front, an umbrella organisation of three nationwide organisations of all petrol dealers.

The demands include implementation of the pending agreement signed with oil marketing companies on November 4, 2016, scrapping unfair penalties imposed under Marketing Discipline Guidelines, and approved but not given dealer margins.

Besides, the UPF has expressed concern over the losses to both consumers and dealers over the daily changing prices of oil products and bringing petroleum products under GST, said Lodh.

"As the first step, we shall stop buying and selling petrol/diesel at all the 54,000 pumps in the country on October 13. If our demands are not accepted, then from October 27, we will launch an indefinite nationwide strike," Lodh said.

Meanwhile, a petrol dealer said that the decision to combine the three top dealers' association under an umbrella organisation UPF would result in better coordination and uniform action to fight for their common demands with the OMCs.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
PNB 125.55 -2.70 -2.11
Fortis Health 137.50 -5.90 -4.11
SBI 271.65 -7.05 -2.53
PC Jeweller 381.00 +24.70 +6.93
Yes Bank 311.80 -8.00 -2.50
Company Price Change %Gain
Fortis Health 137.50 -6.20 -4.31
PNB 125.65 -2.70 -2.10
ICICI Bank 321.00 -7.60 -2.31
Federal Bank 95.95 +1.50 +1.59
SBI 271.75 -7.10 -2.55
Top Gainers
Company Price Change %Gain
Ambuja Cements 257.05 +3.65 +1.44
Infosys 1,128.05 +13.60 +1.22
Cipla 611.10 +5.25 +0.87
Dr Reddys Labs 2,213.55 +17.75 +0.81
Kotak Mahindra 1,050.20 +8.05 +0.77
Company Price Change %Gain
Kotak Mahindra 1,052.80 +11.90 +1.14
Infosys 1,124.85 +10.70 +0.96
Dr Reddys Labs 2,212.75 +18.30 +0.83
Asian Paints 1,145.00 +8.30 +0.73
TCS 2,931.00 +5.25 +0.18
Top Losers
Company Price Change %Gain
Eicher Motors 27,328.15 -1,012.30 -3.57
Tech Mahindra 584.35 -21.30 -3.52
Indiabulls Hsg 1,272.35 -39.95 -3.04
SBI 271.65 -7.05 -2.53
Yes Bank 311.80 -8.00 -2.50
Company Price Change %Gain
SBI 271.75 -7.10 -2.55
Yes Bank 311.90 -8.05 -2.52
ICICI Bank 321.00 -7.60 -2.31
Bharti Airtel 420.00 -8.30 -1.94
Maruti Suzuki 8,840.00 -180.80 -2.00

Live TV