A faction of the Bangladesh Petrol Pump Owners Association suspended their strike after observing it for some 16 hours on Sunday.
The strike was called to press home their three-point demand.
Leaders of the association said that they have postponed the ongoing program until September 30.
Petrol Pump Owners Association President Syed Sajjadul Karim Kabul announced the suspension of their strike on assurance from the government.
Kabul said that the government made an assurance to fulfill their demands by September 30.
The association sat with officials of Bangladesh Petroleum Corporation (BPC) at night, and the announcement came after that.
The faction went on strike on Sunday morning which triggered a fuel crisis at multiple stations. While some pumps sold oil in the morning, they ran out by noon, leading to sales closures.
People suffered across the country due to the strike.
The demands of the association include setting the sales commission of fuel oil at 7.50%, publishing gazette recognizing petrol pump owners as commission agents, clearing announcements through gazette notification that value added tax (VAT) would not be applicable on the fares of tank-lorries and also gazette notification fixing the economic life of tank lorries which are over 25 years old.
The Ministry of Power Energy and Mineral Resources granted them commission agent status.
However, since the other demands were not met, they have continued their strike.
On Tuesday, State Minister for Power, Energy and Mineral Resources Nasrul Hamid presided over a meeting in the presence of leaders of Bangladesh Tank-Lorry Owners Association and Bangladesh Tank-Lorry Workers Federation.
In the meeting, the petrol pump owners were assured to implement the decision to meet all their demands by September 30, 2023.
After this, some people called off the strike. However, another section said the authorities were only wasting time by not implementing their long-standing demands. Therefore, from Sunday, they have stopped oil extraction and transportation indefinitely and are on strike.
