After facing temporary resistance from fuel dealers, the Indian government formally launched a new system that allows oil companies to revise the petrol and diesel prices daily in India from June 16.
Prior to this initiative, the government tested the pilot programme in select five cities in India. After recording feedback from dealers and consumers, it agreed to scrap the 12 am to 12 am cycle. It will now follow the timeframe of 6 am to 6 am and expand the daily fuel price revision system to all regions of the country. Read More…
Credit By: Ibtimes
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