Starting Friday, motorists will be paying different prices every day for petrol or diesel at gas stations across the country, in sync with international rates as it happens in most advanced markets.
State oil companies will update fuel rates daily in tune with international oil prices to pass on to the dealers and customers across the country.
The move will bring in transparency in the pricing mechanism, and ensure best rates to the customer, a TOI report said.
Apart from checking for daily revised rates at gas stations, customers can also view dynamic rates through SMS or on the Indian Oil Corporation Limited’s (IOCL) mobile application. Read more