Petrol rates were changed in India everyday with consequence from June 15, 2017. The judgment to alter the petrol price was taken by three state oil marketing companies Indian Oil, Bharat Petroleum, Hindustan Petroleum.
These companies used to modify rates of petrol daily as per international costs of fuel.
All three state owned oil marketing companies involving Bharat Petroleum, Indian Oil and Hindustan Petroleum decided with purpose at enhanced verdict of domestic rates of petrol and diesel with worldwide oil charges. Earlier to executing this plan, these state owned oil marketing companies conducted 40-day analysis in Jamshedpur, Puducherry, Visakhapatnam, Udaipur, Chandigarh.
Petroleum Minister Pradhan wrote on Twitter, “Proud to share that India is first country to switch to dynamic fuel pricing on such a large scale in one go.”
|Cities||Petrol (Rs Per Litre)||Diesel (Rs Per Litre)|
|Jammu & Kashmir||70.29||58.14|