Daily fuel price change: IOC steps up effort to placate dealers

Daily fuel price change: IOC steps up effort to placate dealers

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

Credits:economictimes.com

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