1. Petrol Prices: Daily revision will save people from suffering of sudden price change, says Petroleum Minister Dharmendra Pradhan

Petrol Prices: Daily revision will save people from suffering of sudden price change, says Petroleum Minister Dharmendra Pradhan

"Petrol and diesel are important commodities and if its prices change everyday people will not have to suffer due to the sudden price change," Pradhan said.

By: | New Delhi | Updated: June 17, 2017 3:54 PM
dharmendra pradhan, petrol prices, petrol price daily revision, dharmendra pradhan daily revision of petrol prices, diesel prices “Petrol and diesel are important commodities and if its prices change everyday people will not have to suffer due to the sudden price change,” Pradhan said. (Source: IE)

Petroleum Minister Dharmendra Pradhan on Saturday said that daily revision of petrol and diesel prices will save people from ‘suffering’ of the sudden price change, ANI reported. “Petrol and diesel are important commodities and if its prices change everyday people will not have to suffer due to the sudden price change,” Pradhan said. Petroleum Minister’s comment comes a day after the government implemented the revision of petrol and diesel prices on a daily basis. The new exercise is a departure from the existing practice of review in the prices of petrol and diesel every fortnight.  Oil companies marked the beginning of new pricing regime a cut of Rs 1.12 per litre cut in petrol prices.

However, chances of major changes in the prices are very low as the new norms mandate the change every day at 6 am. It is expected that the rise or cut would mostly be in few paise, of course depending on the movement in the crude oil prices. Also, the prices may vary from district-to-district.

Read | Petrol price today: Daily revision kicks in on sweet note with Rs 1.12 per litre cut

How to check daily prices?

The companies have introduced several new methods for consumers in order to check fuel prices in particular city. A customer may check the day’s fuel price at a particular retail outlet, which will be effective from 6 am that day. The consumers may also check prices via SMS alerts, oil companies’ mobile apps, websites and toll-free phone numbers.

To know the prices, customers have to type RSP<SPACE>DEALER CODE, and send to 9224992249 for Indian Oil; 9223112222 for Bharat Petroleum; and 9222201122 for Hindustan Petroleum. The information about the rate on particular outlets will also be available on the companies’ websites, and mobile apps, namely Fuel@IOC, SmartDrive (BPCL), and My HPCL.

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