New Delhi: The Federation of All India Petroleum Traders (FAIPT) on Sunday said that they have no plans to go on strike as the government has given assurance to hike the commission of dealers by the next week. They are expecting a hike of Rs 0.66 per litre on petrol and Rs 0.41 per litre on diesel.
The oil companies are planning to cut down retail prices of petrol by the next week, therefore increased commission can be included in that price.
Ajay Bansal, general secretary, FAIPT, an umbrella body which claims to represent most of the 42,000 petrol pump operators in the country said, Union Petroleum and Natural Gas Minister Jaipal Reddy has ordered to increase the commission under a formula.
The increased commission will not be incurred on the common people as the crude oil prices have gone down in last few days.
The state owned oil firms are planning to slash the prices of petrol by Rs 2-2.50 and to include the hiked commission in the new prices. Government is also looking forward to apply the same formula with diesel.
Currently, petrol pump dealers are getting commission of Rs 1.49 per litre on petrol and Rs 0.91 per litre on diesel. Now government has assured the hike of Rs 0.66 per litre on petrol and Rs 0.41 per litre on diesel.