Did you notice your petrol, diesel prices have come down by over Rs 4 in the past 10 days?
Petrol and diesel prices has come down by over 4% in four metro cities since the time state-owned oil companies decided to revise prices daily.
Key Highlights:
- Daily revision in petrol and diesel prices started from June 16, 2017
- Petrol prices have come down by over 5% in New Delhi and Chennai
- Mumbai and Chennai sees over 4% decline in diesel prices
Oil companies have started changing price of petrol and diesel every day since June 16, 2017. Did you realise that over the past 11 days, price of petrol and diesel have actually come down by at least Rs 3 and Rs 2.4, respectively?
On June 16, 2017, Dharmendra Pradhan, Minister of Petroleum of Natural Gas tweeted, “After the complete transformation of the LPG sector, dynamic fuel pricing is the first major reform of recent times in Fuel Retailing Sector.”
Pradhan added, “With this historic step towards transparency and customer interest, the Indian Oil & Gas industry has joined the elite league of countries like USA and Australia wherein fuel prices are revised on a daily basis.”
Daily data of fuel prices provided by Indian Oil showed that petrol and diesel prices have come down in four metro cities namely New Delhi, Kolkata, Mumbai and Chennai.
Also Read: Daily revision in petrol, diesel prices' nears to reality; here's what you can do
After petrol and diesel, oil marketing companies are also looking to revise CNG prices on a daily basis.
Compressed Natural Gas (CNG) are fuel that can be used as an alternative to petrol, diesel and propane/ LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above.
Also Read: After petrol and diesel, CNG prices will be revised daily too
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