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Differential pricing in fuel evokes mixed reactions on social media

By Newsd
Updated on :
Differential pricing in fuel evokes mixed reactions on social media
Source: WorldNews

Indian Oil Corporation on Thursday that the prices of petrol and diesel will be revised on a daily basis from June 16th all over the country. In a statement, it said, that all public sector oil companies, including IOC, Hindustan Petroleum Corporation and Bharat Petroleum, will implement the decision.

However, it is yet to be seen how people at large are going to react to this new policy implementation. Initial social media reactions show that while some section of the people is criticising the decision, some are calling it a welcome move. Here are a few of the tweets:

Currently, in India, the prices of petrol and diesel are usually revised fortnight. The fuel retailers revise rates on 1st and 16th of every month based on an average international price of the fuel in the preceding fortnight and currency exchange rate. However, from June 16th the pump rates will now show the daily movement in international oil prices and rupee-US dollar fluctuations.

 

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