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State companies to revise petrol, diesel prices daily from June 16
The oil ministry has been considering daily revision since 2012, But state-run retailers, in a complacent market of high oil prices, subsidy and lack of competition, were unwilling to implement it, citing lack of connectivity and infrastructure. Petrol pricing was freed from government control in 2010 by the UPA government. The NDA government deregulated diesel pricing in 2014.