Petroleum traders threaten strike

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New Delhi, May 3 (UNI) The Federation of All India Petroleum Traders (FAIPT) today threatened to go on indefinite strike unless the government considers its demands within 15 days.

The Federation in a statement said, "The representatives of about 37,000 petrol pumps, spread across the country are meeting in Pune on May 24 to deliberate on the date of the strike call." The release also said, "The demands included, increase in commission to five per cent of the invoiced value by applying the percentage basis formula. The pumps should not be closed for stock loss as promised last year. Besides, there must be increase in the evaporation limits." The Federation accused the government of repeatedly failing to keep its assurances, leaving them with little choice but to call a strike.


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