"Daily prices will change from 6 am," he said.Federation of All India Petroleum Traders (FAIPT) president Ashok Badhwar said the government has taken the decision of daily price revision in public interest. "One tank lorry of 18 Kls lasts most of such small dealers 7 to 10 days. "Whatever they were doing at 15-day frequency, they will be required to do daily. Oil marketing companies revise petrol and diesel rates every fortnight based on global oil prices and foreign exchange rate. The three state-run oil marketing companies operate over 95 per cent of the retail outlets (petrol pumps) in the country.

Source: Times of India June 14, 2017 14:03 UTC