As more petrol pump dealers decided to strike on Friday, Indian Oil Corp (IOC) today stepped up efforts to explain implementation of the daily revision in petrol and diesel prices.
Daily price revision, which follows successful pilot in five cities, is to be implemented from June 16, from when even the smallest change in international oil prices can be passed down to consumers.
IOC Chairman Sanjiv Singh, who yesterday held extended parleys with petrol pump dealers from several states, said nothing is being done to the detriment of petrol pump operators. Read more
Latest posts by The Economic Times (see all)
- Global corporate solar funding at $5.3 billion in first half of the year - July 16, 2018
- Railway board goes back on decentralisation - July 16, 2018
- Revamp of coal auction rules: Business-friendly reforms on cards - July 16, 2018