25
Sunday
February 2018
1:07 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Petrol pump dealers call off Friday's strike
 
New Delhi, Oct 11 (PTI) Petrol pump dealers today called off their proposed day-long strike on Friday after state-owned oil firms warned them of strict action, including cancelling their contracts.

Various associations of petrol pump dealers had called the 24-hour strike against new Marketing Discipline Guidelines which impose stringent penalties for short-selling, operating automated pumps in manual mode without authorisation, non- provision of clean toilet and not paying minimum wages to employees.

"The director marketing of the three oil companies had appealed to us not to go on strike and so we are withdrawing the strike on their appeal," said Ajay Bansal, President of All India Petroleum Dealers Association.

The United Petroleum Front, an umbrella organisation for the Federation of All-India Petroleum Traders, the All-India Petroleum Dealers Association and the Consortium of Indian Petroleum Dealers, had also threatened indefinite stoppage of purchase and sale operations from October 27.

While the oil companies did appeal for calling off the strike, they also warned petrol pump operators of strict action, including facing the prospect of cancellation of dealership contract.

Sanjiv Singh, Chairman of Indian Oil Corp (IOC), the country's largest fuel retailer, yesterday stated that the strike call was totally unjustified as the oil firms have accepted all demands and raised dealers commission only a few weeks ago.

"It is unacceptable that they get minimum wages from oil companies and not give them to their employees," he said.

The dealers commission fixed recently factors in the prevailing minimum wages.

The dealers are demanding revision in their margin every six months and brining fuels under GST.

"We have agreed on a yearly revision and to now demand a half-year revision is a bit unfair," Singh said, adding that it is well known that petrol and diesel along with natural gas, ATF and crude oil will be out of GST.

Singh said law provides for taking over the petrol pumps.

"The state government can invoke ESMA, they can take over pumps and give to oil companies for operating...we can takeover petrol pumps. There are all such actions possible if they didn't listen to reasoning and went ahead with the strike," he added.


China takes over Anbang Insurer Group that owns Waldorf Astoria
Gold recovers on scattered buying by jewellers
Rupee recovers 17 paise against US dollar
Sensex jumps 107 pts as March F&O series opens strong
4G speed in India slowest in world
Sensex slips 144 points ahead of F&O expiry
Rupee declines 30 paise against dollar in early trade
Weak demand, global cues soften gold
Indian IT Likely To See 7-9% Growth In FY19, May Hire 1 Lakh New Techies
Rupee falls 31 paise against US dollar in opening trade
Tata Steel emerges as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore
Debt-laden Aircel to file for bankruptcy at NCLT
Gold slips on fall in demand, global cues
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
Rupee gains 6 paise against dollar in opening trade
Sensex rises 196 pts, Nifty reclaims 10,600-mark
Re gains 14 P to trade at 2-week high in opening trade
Uber CEO aims to pare losses and get 'the love back'
Jewellery stocks take a hit after PNB fraud
Sensex rises over 200 points, Nifty near 10600
KERALA NEWS
Veerendra Kumar condemns lynching of Madhu
 (Kozhikode, Feb 24, 2018): JD(U) state president M P Veerendra Kumar today condemned the lync  
Centre seeks report on lynching of tribal man
Madhu's postmortem report out
Madhu's death: Latest developments in a nutshell
INTERNATIONAL NEWS
US schools need 'offensive capability': Trump
 (Washington, Feb 24, 2018): President Donald Trump has reiterated the idea of arming teachers
Three bombs hit capital of Myanmar's Rakhine state
Trump announces 'heaviest ever' sanctions on North Korea
Suicide bomber in Kabul kills one, injures six
NATIONAL NEWS
3 killed in road accidents in Amethi
 (Amethi (UP), Feb 24, 2018): Three people were killed and seven injured in separate road acci
Seven SC judges to retire in 2018
EC orders repolling in six booths in Tripura, CPI(M) fumes
Jaitley slams regulators, auditors for PNB fraud
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.