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State-run oil companies plan to review fuel rates daily

State-run oil companies plan to review fuel rates daily

Friday, April 7, 2017, 1:43 PM

Prices at petrol pumps may change every day, similar to what happens in many advanced markets, as state oil companies plan to review rates daily to align them with international prices, replacing the current practice of fortnightly revision. Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily.
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