Live
- Ticket distribution: AAP's public feedback on 70 seats
- Since YSRCP Boycotting Assembly Session: Alliance MLAs told to play Opposition role too
- Reliance invests big in AP
- 2024 on track to be hottest year on record
- PM Modi’s visit to Solapur: Women applaud ‘Double-Engine’ government’s initiatives
- Nagarkurnool MLA Dr. Kuchukulla Rajesh Reddy Campaigning in Maharashtra Elections
- Wife Kills Husband with Her Lover: Details of Veldanda Murder Case Revealed by SP Gaikwad
- Strict Action on Violations of Food Rights: Telangana Food Commission Chairman Goli Srinivas Reddy
- Smooth Conduct of Group-3 Exams with Strict Security Measures: Collector Badavath Santosh
- Delhi HC orders cancellation of LOC issued against Ashneer Grover, wife
In 5 Cities First, Petrol, Diesel Price Will Change Daily, Says Report
State refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - operate 90 per cent of the retail outlets in the country.
State-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide rollout of the scheme, industry sources said. To begin with, daily revision of fuel prices will be implemented in Puducherry and Vizag in the South, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North, they said. State refiners currently revise fuel prices every fortnight to reflect volatility in the currency and global oil markets.
State refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - operate 90 per cent of the retail outlets in the country.
The three have up to 200 fuel stations in the five cities, the sources said.
The rollout of "daily dynamic pricing" in five cities will help them identify the problems ahead of a nationwide rollout of the scheme later this year, said the sources, who did not wish to be identified because of the sensitivity of the matter.
No immediate comment was available from the state refiners.
Private fuel retailers - Reliance Industries and Essar Oil - are expected to follow their state peers, the sources added.
