Strike has been Withdrawn
The Federation of All India Petroleum Traders has announced that they will be observe ‘no purchase no sale’ on June 16 to protest against the daily revision of fuel prices.
In the view taken by its parent body the Belgaum District Petroleum dealers association said it will also participate in the no purchase no sale in protest against the Oil marketing companies move to adopt the daily price change system.
The association says if the protest goes on the public at large will face acute fuel shortage.
Federation of All India Petroleum Traders (FAIPT) said 50 percent of petrol pumps sells on average 30 kiloliter of fuel per month. “One tank lorry of of 18 Kls lasts for most of such small dealers 7 to 10 days Any such decision shall wipe out his entire working capital if the prices were to go down frequently.