Petrol Bunk Owners across the country are going for a strike from 16th of this month as the government plans to bring in new pricing system under which prices will be updated daily based on International trends. Dealers are protesting against this system as it would make things difficult for stock management.
If the dealers stock up Petrol and Diesel on one price and if the price goes down very next day, they will be in for a big loss. Currently, the prices are being updated for every fortnight, dealers are planning their stocks by observing international price pattern.
The Daily Price Revisal system is currently in place in five cities including Vishakapatnam. Petrol Bunk Dealers have announced that they will quit purchasing Petrol and Diesel from 16th which means there will a scarcity of the fuel from that day.
