As more petrol pump dealers decided to strike on Friday, Indian Oil Corp (IOC) today stepped up efforts to explain implementation of the daily revision in petrol and diesel prices.
Daily price revision, which follows successful pilot in five cities, is to be implemented from June 16, from when even the smallest change in international oil prices can be passed down to consumers.
IOC Chairman Sanjiv Singh, who yesterday held extended parleys with petrol pump dealers from several states, said nothing is being done to the detriment of petrol pump operators.
“Whatever they were doing at 15-day frequency, they will be required to do daily. That is the only change,” he told PTI here.
Delhi Petrol Dealers Association today decided to join the call given by the Federation of All India Petroleum Traders (FAIPT) for ‘no-purchase-no-sale’ day on June 16, saying the state-owned fuel retailers have “jumped into” the decision without checking the ground reality about automation system of pump. PTI