Daily price revision of petrol, diesel in five cities begins

The experiment is being done on a pilot project basis in Udaipur, Jamshedpur, Chandigarh, Vishakhapatnam and Puducherry.

GN Bureau | May 1, 2017


#HPCL   #BPCL   #IndianOil   #petrol   #PSU   #diesel  


Government-owned oil companies— IndianOil Corporation Limited, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have started revising petrol and diesel prices on a daily basis in five cities from May 1.

The experiment is being done on a pilot project basis in Udaipur, Jamshedpur, Chandigarh, Vishakhapatnam and Puducherry.
 
Notably, IndianOil, BPCL and HPCL own more than 95 percent of the 58,000 fuel retail outlets in the country. The move would be gradually emulated in the other parts of the country.
 
According to an IOCL press release, petrol prices for May 1 in Udaipur, Jamshedpur, Chandigarh, Vizag and Puducherry Town are Rs 70.57, Rs 69.33, Rs 67.65, Rs 72.68 and Rs 66.02 respectively. Similarly, Indian Oil is charging Rs 61.23 for a litre of diesel in Udaipur, Rs 60.26 in Jamshedpur, Rs 57.74 in Jamshedpur, Rs 62.81 in Vizag and Rs 58.68 in Puducherry Town. 
 

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