scorecardresearchHow are fuel prices decided in India? MintGenie explains

How are fuel prices decided in India? MintGenie explains

Updated: 08 Nov 2022, 09:25 AM IST
TL;DR.
In India, fuel prices are updated every day at 6 am, which is known as the dynamic fuel pricing technique. This ensures that daily fluctuations in global oil prices are communicated and represented to gasoline users and dealers. Let's take a closer look at this.
In India, fuel rates are decided by state-owned oil marketing companies.

In India, fuel rates are decided by state-owned oil marketing companies.