Diesel price hiked by 50 paise

New Delhi, Nov 30 : Adding burden to consumers, diesel price was hiked by 50 paise a litre on Saturday.

The new price will come to effect from midnight.

The price of petrol remained unchanged.

Announcing the hike, state-run Indian Oil Corporation Ltd. (IOC) said it 'has decided to Increase the retail selling price of Diesel (Retail) by Rs.0.50/litre (excluding state levies) w.e.f midnight of 30th Nov./1st Dec'13'.

"The above increase is pursuant to GOI order dated 17th Jan'13, whereby OMCs have been authorized to increase the retail selling price of Diesel within a small range every month until further orders. Accordingly, since then, Retail Diesel prices are being revised every month. In continuation of above, Indian Oil Corporation Ltd. has decided to effect the aforesaid increase in Retail Diesel prices. Even after the current increase, under recovery on Retail Diesel shall stand at Rs. 9.99/litre. The Corporation is also suffering under-recoveries on sale of SKO (PDS) of Rs.36.20/litre & LPG (Dom) of Rs. 542.50/cyl," it said.

--IBNS (Posted on 30-11-2013)

business-india-news headlines

Rupee slips below 61 against the dollar

Minawala opens store in Mumbai

Motorola appoints Amit Boni to General Manager of India

RIL signs loan co-financed by JBIC

Sensex hits record high for third straight day

Franklin Templeton Investments to launch new fund scheme

Micromax launches Canvas Doodle 3

IFC focus on e-payment systems

Toyota India resumes operations as workers return

Tata Elxsi net zooms 239 percent in fiscal 2013-14 becomes Rajasthan Royals' Official Travel Partner

Cognizant acquires itaas

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top