Oil PSU executives go on strike

Over 55,000 oil PSU executives went on an indefinite strike on Wednesday demanding higher wages.

Oil Sector Officers' Association have called for an indefinite strike as according to them, the wage increase announced by the government was less than expected.

While state-run refiners are trying to ensure fuel supplies remain normal, fuel dealers in Mumbai say the existing fuel stock at the petrol pumps will last only till 48 hours.

“If the strike is not called off in the next 48 hours, it would cripple the petrol pumps. Our fuel tankers are waiting to be refilled. The ongoing transporters strike will also impact the business badly,” said Ravi Shinde, president, petrol dealers association, Mumbai.

The All-India Motor Transport Congress has called a nationwide indefinite strike, which enters its third-day today. The congress has been demanding reduction in diesel price by Rs 10 per litre and tyre prices by 35 per cent, moratorium on payment of installment and waiver of interest on truck finances, moratorium on payment of toll tax for six months and abolition of service tax on any service provided by goods transport agencies.

Shinde added that, “While the existing stock of petrol and diesel will last till tomorrow, supply of Compressed Natural Gas (CNG) will be impacted significantly affecting the public transport system in Mumbai.”