New Delhi, Dec 20 IBNS | 2 years ago

State-run oil companies on Friday said that petrol prices would be hiked Rs 41 paise per litre while diesel prices would go up by 10 paise per litre, both excluding VAT.

The new prices will come to effect from midnight on Friday.

"Enhancement of Dealer Commission for Diesel by Rs. 0.10/litre (excluding state levies) . Enhancement of Dealer Commission for Petrol at Delhi by Rs. 0.21/litre (excluding state levies). In addition to above, for Petrol, due to strengthening of prices in international markets and slight weakening of Rupee, it has been decided to increase retail selling price by Rs. 0.20/litre (excluding state levies)," Indian Oil Corporation (IOC) said in a statement on Friday.

"The combined impact of the aforesaid revision and change in Dealer Commission on price of Petrol is an increase of Rs 0.41/litre (excluding state levies)," it said.

(Posted on 20-12-2013)