Page 62 - Fuel Prices

Oil firms set up system for smooth daily fuel price change

Petrol and diesel prices will be revised daily from June 16 onwards by three OMCs

Daily change in petrol, diesel prices soon; 5-city trial to begin from May

After the initial trial, the impact of the new system will be judged before a national launch

Govt must allow oil companies freedom to fix retail prices independently

This way oil retail sector will be subjected to more competition

New fuel price every midnight in 5 cities from May 1

These cities are Puducherry, Visakhapatnam, Udaipur, Jamshedpur and Chandigarh

Retail fuel prices likely to remain high

Govt unlikely to cut excise duties to compensate for higher global prices, say analysts