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Thread: FAIPT calls for indefinite strike from Sep 20

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    Rusted aargee's Avatar
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    Default FAIPT calls for indefinite strike from Sep 20

    Just came across this news & thought to share
    Petrol pumps to go on strike from Sept 20 | from strike pumps Sept Petrol FAIPT

    The Federation of All-India Petroleum Traders (FAIPT) today said it will go on an indefinite strike from September 20 to press for demands such as raising the commission on fuel sales and a uniform rate for petroleum products across the country.

    "All the petroleum dealers representing FAIPT will go on strike for indefinite period from September 20 protesting against the indifferent attitude of the Union government towards our demands," FAIPT national joint secretary Sukhminderpal Singh Grewal told reporters here today.

    Grewal lamented that dealers were forced to take this extreme step as the Centre has not been paying any heed to their genuine demands for a long time.

    The dealers are seeking a 5 per cent commission on the retail price of petrol and diesel, citing erosion of margins in selling fuel. "We are currently getting Rs 1 per litre of petrol and 65 paise a litre on diesel, based on volume. But we want our commission at a rate of 5 per cent... on retail prices," he said.

    "Traders have been bleeding profusely due to inadequate margins and a rise in operational expenditure. Evaporation or leakage of fuel oil takes away 1 or 2 per cent margin being provided by oil companies. Rest of margin is consumed with the rise in wages, power and other charges," he said.

    FAIPT also demanded there should be a single rate of petroleum products across India, as a variation in duties and taxes from state-to-state leads to variation in prices, causing smuggling of fuel from one state to another.
    Petroleum dealers further lamented that commissioning of new retail outlets by competing PSU oil companies were also hitting the business of existing fuel stations.

    He said that a meeting of FAIPT's managing committee has been called on September 4 at New Delhi, where the course of action for the proposed strike will be discussed.
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    My view of this strike is that it will not last longer than 24-48 hours.

    Just ensure that you've tanked up your bike & cars a day before 20-Sep.
    & yeah, their demands will definitely be met (atleast to an extent), so brace yourselves for a little higher hikes (neglegible though).

    My views on the YZF-R15 V2.0: http://www.xbhp.com/talkies/news/198...tml#post699240

    The pleasure is when your rear wheel slides, and you bring it back; and when the front wheel lifts, you take your time bringing it back.

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    Better tank up now. A day before, you will have to face all the frenzied crowd at the stations.
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    Damn!!! This means the price in bangalore would cross 60 bux for normal petrol

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    Quote Originally Posted by happybiking View Post
    Damn!!! This means the price in bangalore would cross 60 bux for normal petrol

    It would make it about 59 RS for us here in Gujarat........... GRRR. i should've gotten a damn Platina LPG. 100 KMS FE.
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    dont worry the strike will not last more then 1-2 days

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    Quote Originally Posted by happybiking View Post
    Damn!!! This means the price in bangalore would cross 60 bux for normal petrol
    The strike is not to increase fuel prices mate. It is being done to link dealer margins to the fuel price.
    Right now, the delaer margin is fixed at a certain amount per kilolitre, irrespective of the price at which the fuel is being sold.

    My views on the YZF-R15 V2.0: http://www.xbhp.com/talkies/news/198...tml#post699240

    The pleasure is when your rear wheel slides, and you bring it back; and when the front wheel lifts, you take your time bringing it back.

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    Looks like my Yo EXL ER will be prime time from 20th September

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    Quote Originally Posted by tibby View Post
    The strike is not to increase fuel prices mate. It is being done to link dealer margins to the fuel price.
    Right now, the delaer margin is fixed at a certain amount per kilolitre, irrespective of the price at which the fuel is being sold.
    Buddy, they say they want a commission of 5% on retail price and as of now the same stands at Re.1 per litre. Going by that the retail price stands at Rs.57.6 in bangalore. what would be the price if retail price remains same incase they are granted the commission? Do the maths

    But if the retail price is altered in order to spare the customer some blood then nothing like it.

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