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Rediff.com  » Business » Petrol price hiked by 14 paise a litre, diesel by 10 paise

Petrol price hiked by 14 paise a litre, diesel by 10 paise

Source: PTI
October 04, 2016 22:19 IST
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There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission

The price of petrol was, on Tuesday, hiked by 14 paise per litre and that of diesel by 10 paise a litre, following increase in commission paid to dealers.

Petrol will now cost Rs 64.72 a litre in Delhi from midnight tonight as against Rs 64.58 per litre currently.

Diesel will cost Rs 52.61 per litre as against Rs 52.51 a litre at present.

The hike comes on the back of a 37 paise increase in petrol rate effected on October 1. Diesel price on that day was cut by 8 paise a litre.

Announcing the price decision, Indian Oil Corp (IOC) said: "There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission."

Photograph: Rupak De Choudhuri/Reuters

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