Petrol prices hiked 14 paise a litre, diesel by 10 paise | business-news | Hindustan Times
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Petrol prices hiked 14 paise a litre, diesel by 10 paise

business Updated: Oct 04, 2016 21:50 IST
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Petrol will now cost Rs 64.72 a litre in Delhi from midnight on Tuesday 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. (File photo)

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 on Tuesday 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.”