Hike in fuel prices: Petrol dearer by 14 paise a litre, diesel by 10 paise

The price of petrol was hiked by 14 paise per litre and that of diesel by 10 paise a litre on Tuesday, following increase in commission paid to dealers. Petrol will now cost Rs 64.72 a litre in Delhi from Tuesday midnight 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. 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."