Petrol price hiked by 14 paise; diesel by 10 paise per litre

Following the increase in commission paid to dealers, petrol price on Tuesday was hiked by 14 paise per litre and diesel prices by 10 paise per litre.

With effect from midnight, petrol will now cost Rs 64.72 per litre in Delhi as against Rs 64.58 per litre. Diesel will now cost Rs 52.61 per litre as compared to Rs 52.51 per litre at present. 

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", a PTI report said.

On 30 September, IOC had hiked petrol prices by 28 paise a litre while it had reduced diesel price by 6 paise per litre. 

That was the third the company had increased the rates of petrol in the September month.