Petrol price hiked by Rs 1.50, diesel 45 paise

February 15, 2013 19:01

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

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 Rs 1.80 per litre after taking into account 19 per cent VAT. Diesel rates would go up by 51 paise.

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