New Delhi: Petrol price was today hiked by 41 paise a litre following the government decision to raise commission paid to petrol pump dealers and firming global oil rates.
Simultaneously, diesel rates were increased by 10 paise per litre due to a hike in dealers commission. The two increases, which are excluding local sales tax or VAT, will be effective from midnight tonight.
State-owned oil firms, which restrained themselves from revising petrol price for past seven weeks despite weakening of rupee against US dollar, used the government decision to raise dealer commission on the fuel by 21 paise to effect another 20 paise increase.
Petrol in Delhi currently costs Rs 71.02 per litre and after the increase it will be price around Rs 71.50. The actual rates, which haven't been worked out yet, will vary from city to city.
Diesel rates will go up marginally from Rs 53.67 a litre to about Rs 53.80 in Delhi.
