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.
--IBNS (Posted on 20-12-2013)