Customers can know the daily revised fuel price on ‘Fuel@IOC’ app, toll free numbers, social media posts and on LED screens at petrol pumps
India is about to see daily fuel price revision being implemented from 16th June 2017. After the pilot project rolled out in five cities – Chandigarh, Udaipur, Jamshedpur, Puducherry and Vizag, now the entire country is about to adopt the new system. While the decision has created confusion about the procedure to know the revised pricing, the regulators say there will be various methods to know the pricing.
As under the new system price of petrol and diesel will be revised daily and customers will be able to know the revised fuel pricing on the LED screens at fuel stations. Apart from that, they will also be able to know the pricing through Indian Oil’s app ‘Fuel@IOC’, toll-free numbers and social media posts. Also, they will be informed about the pricing through SMS as well.
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Customers can log on to Indian Oil’s official website to know the revised pricing. The dealers will be informed the revised pricing regularly through SMS and emails. They can learn about it through customised web portals as well. In the meantime, dealers across the country have threatened to stop purchasing fuel if the retail outlets are not automated complying to their demands.
With the new system implemented, fuel price in India will revised regularly syncing with the crude oil price in global market. This is said to be bringing transparency in the entire system. Also, under this system customers will be benefitted if the price in international market goes down.
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Speaking about the demands of the dealers across the country, only around 20,000 fuel stations are automated so far among 56,000 retail outlets. The dealers claim that new system will create a chaos as they are not prepared to adopt it as of now. However, the five cities that seen the system as a pilot project couple of months back didn’t face such problems. So, the demands remain a debatable issue.