United Petroleum Front (UPF) has announced nationwide strike of dealers on October 13 to press for various demands including better margins and inclusion of petroleum products in the Goods and Services Tax.
UPF represents over 54,000 dealers from the Federation of All-India Petroleum Traders, the All-India Petroleum Dealers Association and the Consortium of Indian Petroleum Dealers.
The demands include upward revision of the dealer margins every six months, better terms for return on investment, resolution of manpower issues, a fresh study of handling losses, and resolution of issues related to transportation and ethanol blending. Dealers also want the government to bring petrol and diesel under the GST regime.
They have warned that if their demands are not met at the earliest, fuel dealers would stop indefinitely, purchase and sale operations from October 27.