New fuel price every midnight in 5 cities from May 1

These cities are Puducherry, Visakhapatnam, Udaipur, Jamshedpur and Chandigarh

Two-and-a-half years after the National Democratic Alliance government introduced complete diesel deregulation in October 2014, stage is set for a new petroleum pricing regime. 

Starting Monday, five places — Puducherry, Visakhapatnam, Udaipur, Jamshedpur and Chandigarh — as part of a pilot project will see petrol and diesel being sold under a daily price change regime. 

While it took India eight years and a lot of political bickering to completely get rid of an administered price regime for petrol in 2010, daily price change could become a reality much faster if the five pilots succeed. 

Technological innovations such as price push