Govt raises petrol price by 14 paise a litre, diesel by 10 paise

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New Delhi: The price of petrol on Tuesday was hiked by 14 paise per litre and that of diesel by 10 paise a litre, following increase in commission paid to dealers.

Petrol will now cost Rs 64.72 a litre in Delhi from midnight tonight as against Rs 64.58 per litre currently.

Diesel will cost Rs 52.61 per litre as against Rs 52.51 a litre at present.

The hike comes on the back of a 37 paise increase in petrol rate effected on October 1. Diesel price on that day was cut by 8 paise a litre.

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Announcing the price decision, Indian Oil Corp (IOC) said: “There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission.”