October 24, 2017

Petrol and Diesel Prices set to fluctuate on a daily basis from 16th June 2017

The practice of daily fluctuation of the petrol and diesel prices, at the retail outlets, all over the country has been given a go ahead by the Ministry of Petroleum yesterday. It was previously being stalled by the Petroleum Dealers Association on the pretext that, the heather to practice of changing the price with effect from midnight would not be possible as most of the machines are not equipped with automatic calibrating systems, and thus need to be calibrated manually. This would call for additional manpower at the end of the retailers, and would be a cumbersome process leading to mistakes in calibrations, and had demanded that the price changes be made effective from 6 AM in the mornings instead of midnight. Based on this demand the Association had decided to go on a strike on the 16th June 2017 and not dispense any fuel at the retailers end. But with the Minister for Petroleum Sh Dharmendra Pradhan having given in ti this request the Association has withdrawn their proposed strike and have agreed to dispense fuel at all their respective retail outlets. The step for daily price fluctuation had been taken keeping in view of the daily  price fluctuation of crude oil. This practice was implemented as a pilot project in selected cities,  Udiapur, Jamshedpur, Vishakhapatnam, Chandigarh and Puducherry on May 1st this year, and it is only after the success in these cities that it is now being implemented at all the retail outlets all over the country.

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