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MTECHTIPS:-Petrol price to be hiked by 30 paise, diesel by 18 paise: sources
Petrol prices will be hiked by 30 paise per litre and diesel rates by 18 paise a litre with the government deciding to increase the commission paid to petrol pump dealers. The hike will be effective either today or tomorrow, depending on when the ministry issues a formal letter to oil companies.The Petroleum Ministry today decided to increase the dealer commission on petrol from Rs1.499 per litre to Rs. 1.799 a litre. The commission on diesel has been hiked from 91 paise to Rs. 1.09 a litre, official sources said.Petrol currently costs RS 67.90 per litre in Delhi and diesel Rs. 46.95. After the hike, petrol will cost Rs. 68.2 per litre and diesel Rs. 47.13 a litre.The increase in dealer commission is the first since July 2011. In July, the commission was hiked by 28 paise on petrol and by 15.5 paise on diesel.
Petrol prices will be hiked by 30 paise per litre and diesel rates by 18 paise a litre with the government deciding to increase the commission paid to petrol pump dealers. The hike will be effective either today or tomorrow, depending on when the ministry issues a formal letter to oil companies.The Petroleum Ministry today decided to increase the dealer commission on petrol from Rs1.499 per litre to Rs. 1.799 a litre. The commission on diesel has been hiked from 91 paise to Rs. 1.09 a litre, official sources said.Petrol currently costs RS 67.90 per litre in Delhi and diesel Rs. 46.95. After the hike, petrol will cost Rs. 68.2 per litre and diesel Rs. 47.13 a litre.The increase in dealer commission is the first since July 2011. In July, the commission was hiked by 28 paise on petrol and by 15.5 paise on diesel.
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