Udaipur is among the 5 cities selected for the pilot project related to pricing of petrol and diesel on the lines of such in western countries.  RK Dhabai, President of Udaipur Petrol Pump Association confirmed the new, saying that on Friday evening they were informed that fuel will be repriced every day.

As per this model, the retail prices of both petrol as well as diesel will be changing each day, based on the global price of crude oil.  This will ensure that the pricing is in line with changes of the base rate of crude.  New rates will be implemented at midnight every day.

Chandigarh, Visakhapatnam, Puducherry and Rajkot are the other cities where this pilot project will commence.  The first phase of this model run will be done in Chandigarh because all gas stations in Chandigarh are fully automated and the implementation will be smoother as compared to the other pilot cities.

Senior Divisional Manager of Indian Oil, Sachin Sharma confirmed this information and agreed that this model will be beneficial for the people.  Udaipur Petrol Pump Association will soon plan the implementation in the city across all pumps.  Sachin also said that though the plan was to be implemented from 1 December onwards, but the decision of the government to discontinue the acceptance of Rs 500/Rs 1000 leagacy currency notes at petrol pumps from December 2 resulted in delaying the implementation.