Petrol and diesel rates are set to change daily starting this friday, 16th June 2017. On Wednesday, petrol pump owners decided to call off their proposed strike against the daily revision of fuel prices after the government agreed to change the timing for updating the daily rates.
Following is a cheatsheet to all you need to know about the changes that come into effect from Friday:
1. Petrol and diesel
prices would be revised every day at 6 am across the country, moving away from
the practice of revising rates at midnight every fortnight. Petrol pump owners
had sought a change in the timing as otherwise they would have had to deploy
additional manpower every night to change the rates.
2. The decision to revise fuel rates daily from June 16 is an extension of a pilot that the oil companies have been running in the five cities of Udaipur, Jamshedpur, Puducherry, Chandigarh, and Vishakhapatnam, since May 1. Calling the pilot a success, Oil Minister Dharamendra Pradhan said that even the slightest change in international oil prices will be passed on to consumers.
2. The decision to revise fuel rates daily from June 16 is an extension of a pilot that the oil companies have been running in the five cities of Udaipur, Jamshedpur, Puducherry, Chandigarh, and Vishakhapatnam, since May 1. Calling the pilot a success, Oil Minister Dharamendra Pradhan said that even the slightest change in international oil prices will be passed on to consumers.
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