Fuel Oil Pricing

  • Petrol pricing was freed from government control in 2010
  • Diesel pricing was deregulated in 2014
  • Although, technically public retailers have a free hand in fixing the prices of petrol and diesel, in practice political considerations often guide the public retailers.
  • Government has now allowed daily revision of fuel oil prices in accordance with international prices. Till now it was done every 15 days.

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