Daily revision of Retail Selling Prices (RSP) has already been implemented on a pilot basis in Udaipur, Jamshedpur, Visakhapatnam, Chandigarh, and Puducherry from May 1.

Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise excluding state levies from Thursday, the Indian Oil Corporation announced on Wednesday.

State-run Indian Oil Corp (IOC) has reduced price of petrol by Rs 2.16 per litre and that of diesel by Rs 2.10 a litre excluding state levies.

State-run oil marketers will roll out a dynamic fuel pricing pilot project from May 1 in five cities where the price of transport fuels would be changed daily so as to better cope with volatility in global crude oil prices.

With the ongoing fluctuation in global crude oil rates, state-run Indian Oil Corp (IOC) has marginally hiked the price of transport fuels, of petrol by 1 paisa and of diesel by 44 paise both at Delhi with corresponding increases in other states, effective Monday.

Now, the government is mulling a plan for home delivery of petroleum products. It has also said if, consumers make a pre-booking, the oil ministry will provide the services.

Petrol price will be up by Rs 1.39 per litre, while diesel price will go up by Rs 1.04 per litre from Sunday, the Indian Oil Corporation announced.

State-run Indian Oil Corp (IOC) substantially reduced prices of transport fuels effective from Saturday, of petrol by Rs 3.77 a litre and of diesel by Rs 2.91, both at Delhi, with corresponding cuts in other states following the recent decline in global crude rates.

The new year is not being very happy with the petrol and diesel prices as a new hike has been registered on Sunday evening. This is the third time petrol prices are being revised in last one month.

Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) on Sunday hiked prices of petrol by Rs 1.29 a litre, and of diesel by 97 paise, both at Delhi and effective from midnight, with corresponding increases in other states.