How Petrol and Diesel Prices Are Set in India: The Complete OMC & Government Pricing Guide
Quick Answer Petrol and diesel prices in India are determined under a dynamic pricing system where Oil Marketing Companies (OMCs) revise retail prices based on factors such as international crude oil prices, refinery costs, freight, dealer commissions, taxes, and the exchange rate between the Indian Rupee and the US Dollar. Retail prices are generally revised […]
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