Oil Marketing Companies will make daily revision in retail selling prices of Petrol and Diesel from tomorrow across the country. The price revision will take place six in the morning everyday.The decision will make the retail prices more reflective of the current market conditions, minimising the volatility in the retail price of Petrol and Diesel. It will also enhance transparency in the system, besides enabling smoother flow of products from refinery to retail outlets.Earlier this month, the decision was taken by Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation to revise the price on daily basis after successful implementation of daily revision of retail selling prices of these two products on pilot basis in Udaipur, Jamshedpur, Puducherry, Chandigarh and Vishakhapatnam.Public Sector Oil Marketing Companies are also taking steps to establish an appropriate mechanism for conveying the prices to consumers every day including daily publishing of the prices in newspaper, prominent display of prices at the retail outlets and sending of price-related SMS. Many developed countries are already revising the prices of Petrol and Diesel on a daily basis.Meanwhile, Petroleum Dealers' Association yesterday called off proposed strike against daily revision of petrol and diesel prices. This comes after the government agreeing to change the timing of price revision to 6 AM everyday instead of midnight. Presently, the price revision comes into effect from midnight. Petrol will become cheaper by 1 rupees 12 paise and diesel by 1 rupees 24 paise per liter. The new rates will become effective from six in the morning on Friday. With this the daily revision of retail prices of Petrol and Diesel will begin from Friday.