
Fuel prices to be revised daily again amid global shortage
Petrol and diesel prices were increased across India on Monday, with petrol up by 82 paise per litre and diesel by 86 paise, according to the report. The hike comes just four days after both fuels saw a sharp rise of a little over Rs 3 per litre. Public sector oil marketing companies—Indian Oil, Bharat Petroleum and Hindustan Petroleum—sell fuel through dealers and typically align domestic prices with international crude trends. A daily pricing system, under which the next day’s rates were announced at midnight, was introduced in June 2017.


































