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The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

OMCs eye daily change in fuel prices

The move will make oil marketing companies margins more predictable.

8 April 2017 2:09 AM IST

Heads of prominent oil manufacturing firms in the country such as HPCL, IOC and BPCL have agreed to the scheme and issued circulars to dealers about it.

OMCs plan to change petrol, diesel prices daily

Presently, leading Oil Marketing Companies change prices of diesel and petrol every fortnight.

7 April 2017 12:57 PM IST

Heavy rush at a petrol pump following the demonetization of Rs 1000 anf Rs 500 notes, in Thane. (Photo: PTI)

First five cities chosen for daily petrol, diesel price change

State refiners currently revise fuel prices every fortnight to reflect volatility in currency and global oil markets.

12 April 2017 3:48 PM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Fuel price drop: Petrol by Rs 1.12/litre, diesel by Rs 1.24/litre

From tomorrow, petrol and diesel rates will be revised in sync with any movement in international oil rates.

15 Jun 2017 7:50 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Indian Oil sets up control rooms to oversee daily price revisions

The control room cell at 70 Divisional Offices will be manned by technical, operations and retail sales officers of IOC.

15 Jun 2017 6:36 PM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

How to check daily change in petrol, diesel prices

Indian Oil had said, three the OMCs will establish an appropriate mechanism to convey the prices to consumers every...

14 Jun 2017 3:13 PM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

L&T arm bags Rs 1,100 crore contract from Indian Oil

Orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit.

25 Feb 2017 4:09 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Pump owners upset with daily change

IOC said the seamless execution of the 40-day pilot in Chandigarh, Jamshedpur, Puducherry, Udaipur, and Vishakhapatnam...

12 Jun 2017 4:45 AM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

OMCs to revise petrol,diesel prices daily from June 16

Public sector oil companies have decided to start daily revision of prices in the entire country with effect from 16th...

9 Jun 2017 4:47 PM IST