Mysuru: The ‘dynamic’ daily pricing of fuel that had been introduced as a pilot project in a few cities in the country from May 1, will come into effect in the whole country from June 16. The consumers throughout the country will pay a different price for petrol and diesel every day, according to the State-owned oil companies.
The prices were revised daily in the pilot project, which was a success. Hence, it was decided to implement it all over the country. “Daily price revisions of petrol and diesel will make retail prices more reflective of the current market conditions, minimising volatility,” said a statement from the State-owned oil companies.
