04/10/2016 9:55 PM IST | Updated 04/10/2016 9:59 PM IST

Petrol And Diesel Prices Go Up Following Hike In Commission To Dealers

Petrol is more expensive by 14 paise per litre and diesel by 10 paise per litre.

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Representative image. PRAKASH SINGH/AFP/Getty Images.

New Delhi, Oct 4 — The price of petrol was hiked on Tuesday 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 1 October. 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."

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