June 27, 2019

The Dealer Code

All the 26,000 plus Indian Oil dealers will be given timely information on the effective prices at a pre-designated time say 20:00 hrs for the next day.Earlier this week 54,000 fuel stations, said no purchase no sale of petrol on June 16 protesting against government decision. The Dealer Code of each petrol pump would be prominently displayed in the petrol pump premises, IOCL said.Customers would be able to fetch daily updated prices of petrol and diesel at all cities through Indian Oils mobile app [emailprotected] Alternatively, customers may cross-check the prices applicable in their cities by sending SMS RSP< SPACE >DEALER CODE to 92249-92249.The trader body is due to meet oil companies and ministry representatives on Tuesday to find out resolution.The daily prices will be displayed at petrol pumps and customers get the rates via SMS and IOCLs app.
Federation of All India Petroleum Traders said 50% of petrol pumps sells on average 30 kilo litre of fuel per month..From June 16, petrol and diesel prices across the country will be revised on a daily basis. This can be set to automatically come into effect at midnight at the automated ROs (Retail Outlets), without manual intervention, it said.The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency in the pricing mechanism IOCL , the countrys largest oil retailer said .The company ensures that the customers do not face any pricing misinformation.Oil marketing companies revise petrol and diesel rates every fortnight based on global oil lotion pump Manufacturers price and foreign exchange rates.

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