Petrol, Diesel Prices Change To Be Accessed Through Mobile
From June 16 onwards, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets.
This is the first time ever India is going to face this variation, although, state-run Indian Oil Corporation has asserted that it will ensure the best possible prices to customers.
To keep an eye on the changed prices, customers need to check out petrol and diesel prices on a daily basis from Friday, 16th June. This implementation follows the successful implementation of the pilot project in Udaipur, Jamshedpur, Vishakhapatnam, Chandigarh and Puducherry from May 1.
"The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency in the pricing mechanism," Indian Oil Corporation Limited (IOCL), the country's largest oil retailer said.
Indian Oil says this move will ensure that there is no sudden increase or decrease in domestic selling prices. The benefit of even the smallest change in international oil prices can be passed down the line to the dealers and the end-users. The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency in the pricing mechanism.
Customers can access IOCL’s mobile app Fuel IOC for the rates. The customers can also alternatively check the prices in their cities by sending SMS RSP< SPACE >DEALER CODE to 92249-92249. The Dealer Code of each petrol pump would be prominently displayed in the petrol pump premises.
IOCL said, “Extensive training of dealers will be held to ensure that customers do not face any pricing misinformation or glitches. All the 26,000 plus Indian Oil dealers will be given timely information on the effective prices at a pre-designated time - say 20:00 hrs for the next day. This can be set to automatically come into effect at midnight at the automated ROs (Retail Outlets), without manual intervention”.
At the non-automated petrol pumps, dealers would get the updated price by way of four distinct means: customised SMSs, e-Mails, mobile app & web portal for dealers. The price revision messages through the above said means will be available to all automated and non-automated dealers.
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