Petrol, diesel rates to be revised daily from June 16
New Delhi: Petrol as well as diesel prices across the country will be revised from June 16 on a daily basis in sync with international rates as happens in most advanced markets.
State-owned oil companies will from June 16 revise rates on a daily basis across all the 58,000 petrol pumps in the country.
Petrol and diesel price will change on a daily basis by a few paisa per litre depending on movement of oil prices in international market and variation in foreign exchange rates.
Rates will vary from city to city as well as from petrol pump to petrol pump with Indian Oil Corp (IOC), (HPCL) and Bharat Petroleum Corp Ltd (BPCL) deciding to follow a marginal differential pricing.