Fuel prices in India will change every day from May 1

Oil companies have planned to implement a daily revision of petrol and diesel prices in five cities ahead of a nationwide roll-out of the scheme from May1. Prices of Petrol, Diesel will change every day in sync with international rates, much like what happens in most advanced markets. State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps in the country, it will gradually extend it to all over the country.