શુક્રવાર, 9 જૂન, 2017

From June 16, Petrol, Diesel Prices Will Be Revised Daily…




State-run fuel retailers will revise petrol and diesel prices daily from June 16, Indian Oil said. Daily revision of petrol and diesel prices has already been implemented on a pilot basis in five cities - Udaipur, Jamshedpur, Visakhapatnam, Chandigarh, and Puducherry - from May 1. "After its successful implementation, public sector oil companies have now decided to start daily revision in retail selling prices of petrol and diesel in the entire country with effect from 16th June, 2017," Indian Oil said. 
The prices are expected to change every day at midnight, following directives by the Petroleum Ministry, news agencies said, citing sources. 

The three oil retailers will take steps "to establish an appropriate mechanism for conveying the prices to consumers every day, including daily publishing of the prices in newspaper on a daily basis, prominent displays of prices at the retail outlets, sending of price-related data/SMS from the centralized locations, mobile apps etc," Indian Oil said. 

State-run oil companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - operate 90 per cent of the retail outlets in the country.

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