Friday 1 July 2011

Petrol Rates Go up by 27 p, Diesel by 15 p

NEW DELHI The government on
    Thursday hiked petrol and diesel
    prices by a marginal 27 paisa a litre
    and 15 paisa per litre, respectively, following increase in the commission paid to petrol pump dealers. The government approved raising dealer's commission paid on petrol from . 1.218 per kilolitre to . 1,499 per kl, resulting in a . 0.27 per litre increase in retail price with effect from midnight tonight. Similarly, the dealers' commission on diesel was hiked from . 757 per kl to . 912 per kl, resulting in a . 0.15 per litre increase in rates at retail level. Petrol, at present, is priced at . 63.37 per litre in Delhi and will from tomorrow cost . 63.64 per litre. Diesel, whose rates had last week been hiked by . 3 a litre, will cost . 41.27 per litre instead of . 41.12 a litre.

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