Daily revision of Fuel Prices comes into effect from June 16
New Delhi: Petroleum and Natural Gas Minister Dharmendra Pradhan on Wednesday reiterated that the daily price revision will be implemented from June 16th as decided earlier.
However, the timing of price revision will occur at 6 AM everyday instead of midnight. Presently, the price revision comes into effect from midnight.
The new move came after the meeting between Mr Pradhan and the Petroleum Dealers’ Association, which has called off the proposed strike against the present timing on daily revision of petrol and diesel prices.
Mr Pradhan said, the daily price revision follows successful pilot project in five cities and would lead to even the smallest change in international oil prices being passed on to consumers.