Prices of Petrol-Diesel will be change daily

Author yuvamind

New Delhi: Government oil companies are considering on daily changing prices of petrol-diesel in domestic market to observing large instability of raw oil in international market.

Prices of petrol-diesel are fixed on each 15 days. Prices of petrol productivity are fixed on daily basis in neighbor country. The chairman of largest marketing oil company, Indian Oil Corporation; B.

Ashok said that prices will increased on the daily basis in future. According to him prices of petrol and diesel are fixed on the daily basis in several countries.

So such type of price fixation is need for India. Financial Indian oil result shows on February, 13 that oil company has large lost at Rs. 2636.80 crore in third three months (Oct-Dec. 2014-2015).

Oil Company sunk in loss due to purchasing raw oil on high rate. Crude prices are decreasing continuously from April, 2014 to January, 2015.

Companies are purchasing crude on high rate but while price of petrol and diesel are fixed then crude became cheap. Therefore, if price is fixed on daily basis, none company will struggle any type of loss.

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