Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
May 27, Saturday 2017 6:31 AM       

       HEADLINES: One more infant dies in Attappady                                              Govt will not drop Vizhinjam project, says Kadannappally                                              Court rejects govt’s plea against date extension for plus one admissions                                              Modi is RSS “Chowkidaar”: Chennithala                                              ‘Nirmalyam’ was not objected because Hindu organisations weren’t strong then: K P Sasikala                                              Concrete steps have transformed lives of people: Modi                                              Environment ministry bans cattle slaughter                                              72 hours on, wreckage of missing Sukhoi-30 found                                              PM inaugurates country's longest river bridge                                              Indian Army neutralises two Pak BAT terrorists in Uri                                              Gunmen attacks Christians in Egypt, 23 killed                                              Trump's son-in-law under FBI scanner in Russian probe                                              Second edition of 'Indian Open of Surfing' gets underway in Mangaluru                                              Kaumudi Facebook
       BUSINESS Next Article: RBI retains key rate at 6.25%; ups reverse repo, cuts MSF  
       Petrol and diesel prices may change daily!
 
         Posted on :17:20:09 Apr 7, 2017
   
A A
       Last edited on:17:20:09 Apr 7, 2017
         Tags: Petrol and diesel prices may change daily!
 

NEW DELHI: State-run oil marketing companies, which control over 90 per cent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of petrol and diesel, said a media report.

State-owned Indian Oil Corporation and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily.

The state-run companies declined to immediately comment. The daily price change - also called dynamic fuel pricing - essentially means the companies will not wait for a fortnight to adjust the price of petrol and diesel in tandem with crude price as they do now.

Instead, they will change the price every day based on crude price movements. This will help India move to an international standard of fuel pricing.

"This will cushion the companies from any loss they face due to currency and crude movements over a 15-day period and will make their margins more predictable," said Dhaval Joshi, analyst with Emkay Global Financial Services.

The move would free private players - Essar Oil and Reliance Industries - which currently follow the price set by state-owned companies, to also shift to a dynamic model.

A A
       BUSINESS
Next Article: RBI retains key rate at 6.25%; ups reverse repo, cuts MSF
 
 
BUSINESS HEADLINES
Modi effect: Sensex breaches 31,000-mark, Nifty nears 9,600  
Mizoram GST Bill passed unanimously  
Sensex sheds 206 pts on profit-booking  
RBI refuses to disclose list of loan defaulters  
Nifty pares initial gains, ends flat  
Maharashtra Assembly passes GST Bill  
GST is Modi Govt's 'biggest achievement': ASSOCHAM  
Exporters to get tax refund under GST within 7 days: Nirmala  
GST won't affect financial autonomy of local bodies: Maha govt  
GST: Fin Min warns industry against hiking prices arbitrarily  
GST Bill is going to be consumer friendly: Jaitley  
Sensex surges to record high in late morning trade  
AI starts direct flight between Delhi, Stockholm  
Paytm raises $1.4 bn funding from SoftBank  
Sensex dives 224 pts, Nifty cracks below 9500  
Sensex, Nifty extend bull run, hit record highs  
BSNL signs pacts with Facebook, MobiKwik  
Govt clears new coal linkage policy  
Markets conquer new peaks, Nifty scales 9,500  
Gold climbs by Rs. 55 on positive global leads  
11 PIOs in Forbes's list of best venture capitalists  
Digitisation will curb shadow economy, says Meghwal  
Snapdeal-Flipkart deal may leave staff richer by Rs 193 cr  
I-T dept launches facility to correct errors in PAN, Aadhaar  
Idea Cellular Q4 loss at Rs 325.6 cr as Jio entry takes toll  
 
Do you agree with Centre's ban on cattle slaughter across India?
Yes
 
No
 
No Opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy