May 1, 2017
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Petrol & diesel cost to be revised daily today onward

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State-owned fuel retailers IOC,BPCL and HPCL which own more than 95 per cent of the nearly 58,000 petrol pumps in the country, will launch this on a pilot basis for daily price revision in five select cities and gradually extend it to other parts of the country.

A pilot for daily revision of petrol and diesel prices will be first implemented in Puducherry, Vishakapatnam, Udaipur Jamshedpur and Chandigarh.

State fuel retailers currently revise rates on the 1st and 16th of every month based on average international price of fuel in the preceding fortnight and currency exchange rate.

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