International petrol and diesel price fluctuation is the base of petrol and diesel rate in the country. The state oil company usually changes the price of petrol and diesel on 1st and 16th of every month taking international rate and dollar impact. But from 1st May oil companies have decided to rollout pilot in which for first five days the price will be taking international price and dollar price impact
This pilot will be launched in five states at first later on it will be practiced across the country. Daily revision of petrol and diesel price will be implemented in Jamshedpur in Jharkhand and Chandigarh, Puducherry, Vizag in Andhra Pradesh, and Udaipur in Rajasthan as per Petroleum Minister Dharmendra Pradhan said.
IOC chairman B Ashok said that this change is made in view of providing market linked rates of petrol and diesel on the everyday basis at all pumps across the country.