An association of petrol pump dealers has asked state oil companies to defer their plan to daily revise prices of petrol and diesel from June 16 as the filling stations are not prepared for it.
Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum plan to switch to daily price revision from the current practice of fortnightly review to align rates with international rates and account for exchange rate fluctuation.
The decision came on Thursday following a review by the state companies and the oil ministry of operations in five cities where a daily price revision pilot is on since May 1. Read more
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