The proposed daily pricing of transport fuels in India would improve confidence in the sustainability of the market pricing regime as regular smaller changes in currency and crude oil prices should be easier to pass through to customers, US investment banker said on Thursday. "Daily pricing would improve confidence on sustainability of deregulation, as regular smaller changes should be easier to pass through if crude prices rise or rupee depreciates sharply. Post diesel deregulation in October 2014, this is the next major step forward for the marketing business of oil marketing companies, it added. 

 The All India Petroleum Dealers' Association on Wednesday said the state-run oil marketers plan to roll out a dynamic fuel pricing pilot project from May 1 in five cities where transport fuel prices would be changed daily so as to better cope with volatility in global crude oil prices.

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