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Government Of India(GOI) decision to change fuel prices daily will ensure that the benefit of even the smallest change in international oil prices can be passed down the line to the dealers and the consumers. Besides the move will remove big leaps in rates that need to be effected at the end of the fortnight. Consumers will be more aligned to market dynamics and of course, India will be following the practice of the most advanced markets.
Why Fuel-ed:
"Fuel-ed" is a one-stop place for daily fuel rates in different cities of India.We provide fuel(Petrol & Diesel) rates and daily rate fluctuations at all oil major dealerships in India. As part of oil price analytics,we will provide 14 day forecast of prices for petrol & diesel. Forecast will be based on Fuel-ed algorithm for predicting fuel prices in India. The predicted prices will only be indicative in nature and we do not guarantee that those will be exactly same as decided by the oil marketing companies(OMC's)