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Like bullion like fuel prices too...
 
New Delhi: Much akin to the bullion market wherein the prices of precious metals such as Platinum, Gold and Silver are dynamic and update every day it is learnt that GOI along with the oil PSUs is going to take a sensational decision about dynamic fuel pricing where in the petrol and diesel prices will be changed everyday.

So far prices are being revised every fortnight but since crude oil price is so dynamic to tweak it to help IOC, BPCL, HPCL. These three companies alone have 90% share of the Indian retail fuel market. 

While OMCs declined to react on the dynamic fuel pricing system, it is known that the private companies selling fuel including Essar Oil and the Reliance Industries have been following this system already for long.


Tags: IOC, BPCL, HPCL, Indian retail fuel market, dynamic fuel pricing, Govt of India, PSU
 

    
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