Indian oil has successfully rolled out daily price revision of petrol and diesel across the country through its network of 26,000-plus petrol pumps from 06.00 AM on Friday.
Daily revision of Petrol and Diesel will set new standards of transparency, encourage automation drive of petrol pumps and better stock management practices. It is a win-to-all situation for consumers, industry as well as dealers, said the Union minister of state for petroleum and natural gas Dharmendra Pradhan .
Complimenting the Oil & Gas industry, the minister tweeted, “Proud to share that India is the first country to switch to dynamic fuel pricing on such a large scale at one go.” After the complete transformation of the lPG sector, dynamic fuel pricing is the first major reform of recent times in Fuel Retailing Sector. With this historic step towards transparency and customer interest, the Indian Oil & Gas industry has joined the elite league of countries like USA and Australia wherein fuel prices are revised on a daily basis.
Indian Oil is monitoring the daily price revision round-the-clock through 87 control rooms (at 70 Divisional Offices, 16 State Offices and one at its Marketing Head Office, Mumbai) to offer quick redressal of queries from the field. Indian Oil has accomplished 100% Retail Sales Price (RSP) updation across its entire network of petrol pumps.
“The seamless implementation of Daily Pricing has been possible due to support from our dealers fraternity,” said BS Canth, Director (Marketing), Indian Oil. Since last one month, Indian Oil is regularly conducting awareness sessions with dealers on daily price revision. The learning from pilot implementation of daily price revision in five cities has also ensured closing of all the gaps in the existing system that ensured triumphant implementation of fuel price revision across the country.
1. Mobile app: Customers will be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil’s mobile app Fuel@IOC.
2. SMS: Customers may cross-check the prices applicable in their cities by sending SMS RSP< SPACE >DEAlER CODE to 92249-92249. The Dealer Code of each petrol pump has been prominently displayed in the petrol pump premises.
For this yet another customer centric initiative, Indian Oil has developed various information modes for the customers to check the price being charged by the petrol pumps.