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Petrol price hiked by Rs1 50, diesel 45 paise

Friday, 15 February 2013 - 7:00pm IST | Place: New Delhi | Agency: PTI
Petrol price was on Friday hiked by Rs 1.50 per litre and diesel by 45 paise a litre with effect from midnight.

Petrol price was on Friday hiked by Rs 1.50 per litre and diesel by 45 paise a litre with effect from midnight.

While petrol rates have been revised in step with the steep rise in international rates, oil firms used the newly accorded freedom to increase diesel price in small dozes to effect the second price adjustment in one month.

The increase announced is excluding local sales tax or VAT and the actual hike for consumers would be more after the incidence of duty is included.

Petrol price in Delhi will go up by almost Rs1 80 per litre after taking into account 19% VAT. Diesel rates would go up by 51 paise. New rates for petrol in Delhi would be Rs 69.05 per litre, while a litre of diesel will cost Rs48.16.

Petrol price was last revised on January 18 when the price was cut by 30 paise to Rs67.26 a litre in Delhi.

The reduction in rates on that day coincided with the government decision to give oil firms freedom to raise diesel prices in small monthly dozes to eliminate all of the losses on the fuel. Oil firms hiked diesel price on that day by 50 paise to Rs47.65 a litre in Delhi.


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