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May 2018
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News Headlines
Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr        CSK and SRH lock horns in Qualifier 1 for spot in IPL 2018 final        Belgium leave out Nainggolan for World Cup        Presence of Nipah virus confirmed in Kerala        Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes        Cuba: 110 died in plane crash, 3 survivors 'critical'        Delhi knock Mumbai out with a thrilling 11-run win        
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Business News
IndianOil launches app, SMS plan for customers to check daily fuel price
 
(NEW DELHI, June 12,2017):India's largest fuel retailer IndianOil on Monday said consumers would be able to see updated prices of petrol and diesel in all cities through the company's mobile app -- Fuel@IOC -- once the daily price revision kicks in from Friday.

Consumers can also cross-check the prices applicable in their city by sending an SMS, 'RSPDEALER CODE' to 92249-92249. The company has taken steps to ensure all its petrol pumps display the dealer code prominently.

The move is part of a larger effort to work with petrol pump owners and operators to ensure a smooth rollout of the daily price revision and prevent unscrupulous elements from duping consumers.

The state-run fuel retailers also reached out to the pump owners and operators to allay their apprehensions, which had prompted them to say they would stop lifting stocks from depots from June 16. HPCL chairman M K Surana and director, marketing, S Jeyakrishnan discussed the issues with the company's dealers through video conference on Monday.

Simultaneously, IndianOil said it will provide extensive training to dealers and their staff. The daily price revision would allow better inventory management by both the oil companies and the dealers, preventing surges or declines in purchasing pattern at the end of a fortnight, as is seen now. "The issue thus raised by dealers' associations on inventory losses consequent to reduction in prices and the concerns on retaining large inventory gains during price increase would no longer be relevant," IndianOil said in a statement.

It said all its 26,000-plus dealers will be given timely information on the effective prices at a pre-designated time, say 8 pm, for the next day. This can be set to automatically come into effect at midnight at the automated outlets without manual intervention.

At the non-automated pumps, dealers would get the updated price by way of four distinct means: customised SMS, e-mails, mobile app and web portal for dealers. The messages would be available to all automated and non-automated dealers.


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KERALA NEWS
Kerala among 13 states on thunderstorm alert
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INTERNATIONAL NEWS
For the first time in 226, woman to lead the NYSE
 (New York, May 22, 2018):The New York Stock Exchange for the first time in its 226-year histo
Now, it's India vs Pakistan over Kishanganga project at World Bank
Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province
Venezuelan Prez Nicolas Maduro wins re-election
NATIONAL NEWS
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
 (New Delhi, May 22, 2018):In a comforting piece of news for air passengers, the government on
Gowda says he is not opposed to Shivakumar being made minister
Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case
BJP now down to 272 Lok Sabha seats from 2014 tally of 282
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