ALL YOU NEED TO KNOW ABOUT THE DAILY FUEL PRICE REVISION

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Discountwalas
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19
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ALL YOU NEED TO KNOW ABOUT THE DAILY FUEL PRICE REVISION

After a successful experiment in Chandigarh, Jamshedpur, Puducherry, Udaipur and Vizag which started from May 1 the daily fuel price revision will start nation wide from June 16. Here is all you need to know about the Daily fuel price revision.



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Why is it happening?
Earlier fuel companies would change the fuel prices fortnightly i.e. 1 and 16 of every month as per the international fuel rates. But you must have noticed that sometimes the fuel prices remained same for more than 15 days even though the prices might have fallen in the international market. One of the reasons this happened was because of political influence. During election time the state government would not allow to change the fuel prices in fear of loosing votes. In order to compensate the fuel companies later on they would allow them to keep the fuel prices higher even when international prices went down. This initiative will ensure best possible prices to the customers, improve transparency in the pricing mechanism and help in checking any hoarding.

 

How would it affect you?
You must have noticed a sudden hike or fall in fuel prices overnight but now that wouldn’t happen and even the slightest change in the international fuel prices will be passed on to the customers. Kindly note that international fuel prices do not change widely on day to day basis.



How can you check fuel prices?
The Fuel prices will be changed everyday at 6 A.M and below are the ways you can know about the changes

Website- You can visit the Indian Oil website and find the fuel stations and prices.

Mobile App- The app is available under the name “Fuel@IOC – IndianOil” on both Android and iOS you and can check the prices here.

SMS- You can send a SMS in the below format to get the prices.

SMS RSP< SPACE >DEALER CODE to 92249-92249


Dealers are instructed to display their respective dealer code for the the ease of customers.

Apart from the above some fuel stations will be displaying the rates on LED screens and you can also check on social media for updates.


What if you have any grievances?

You can lodge your grievances regarding daily price revision on 1800-2333-555 an customer care helpline set up by Indian Oil or you can log in to the website iocl.com and go to ‘We’re Listening’ section to submit your grievance.






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