Since then, it has been on an upswing though the reduction in diesel rates have been on a larger number of occasions than petrol."Many a time, international rates would fall for one week and then rise in the following.However, rates have since gone up every day except on four occasions when prices were cut by 2-9 paise per litre.33.The three state-owned fuel retailers had implemented a daily revision of retail selling price (RSP) of petrol and diesel on a pilot basis in Udaipur in Rajasthan, Jamshedpur in Jharkhand, Puducherry, Chandigarh, and Visakhapatnam in Andhra Pradesh from May 1.Fortnightly revision continued but the revision was not completely in sync with the required price increase.State-owned oil companies in June dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantaneously reflect changes in غير مجاز مي باشدt. Now they are being increased by 1 paisa to 15 paise a litre everyday, hikes that have largely gone unnoticed," a senior oil company executive said."Previously, everybody felt the pinch when rates would go up by Rs 2 or 3 per litre in one go.04 a litre in Delhi, the highest since second-half of August 2014 when it was priced at Rs 70. Petrol price was at Rs 65.Prices of petrol and diesel have been revised at 0600 hrs everyday since June 16.

The daily price revision means an instantaneous transfer of a rise or decline in Wholesale fuel filter assembly for sale international oil price to the consumer instead of the previous practice of passing it on only after a fortnight.06 by July 2. The daily price revision was implemented after a successful pilot in five cities. So, the net effect of this in the previous price revision policy was status quo or a marginal change in rate," he said.

The official said daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight, making the consumer more aligned to market dynamics.Petrol and diesel prices were deregulated or freed from government control from April 1, 2002, and the fortnightly revision in rates kicked in. Rates during the first fortnight dropped but have since July 3 been on the rise. Similarly, a litre of diesel was priced at Rs 54.03 a litre in Delhi, the highest in four months, according to data from state-owned oil companies.Diesel price has increased by Rs 3.New Delhi: Petrol price has been hiked by Rs 6 per litre since the beginning of July and is now priced at its highest rate in three years with rates being revised in small doغير مجاز مي باشدes daily..67 a litre and now غير مجاز مي باشدts Rs 57.36 on July 2, thanks to the softening international oil prices.