Petroleum Dealers’ Association on Wednesday called off proposed strike against daily revision of petrol and diesel prices from Friday. This comes after the government agreeing to change the timing of price revision to 6 AM everyday instead of midnight. Presently, the price revision comes into effect from midnight. Petroleum and Natural Gas Minister Dharmendra Pradhan said, the daily price revision will be implemented from 16th of this month as decided. Earlier, petroleum dealers met Mr Pradhan in New Delhi to put forward their demands. During the meeting, the Minister heard all concerns of the dealers. Mr Pradhan said, the daily price revision follows successful pilot project in five cities and would lead to even the smallest change in international oil prices being passed on to consumers.
Private pump owners, who make up for three-fourth of the nation’s 54 thousand retail outlets of the public sector firms, had threatened to go on a strike over concerns of inadequate infrastructure to revise prices every midnight.
As per information received, Public Sector Oil Marketing Companies are taking steps to establish an appropriate mechanism for conveying the prices to consumers every day including daily publishing of the prices in newspaper, prominent displays of prices at the retail outlets and sending of price-related SMS.
