New Delhi, Oct 4, 2016: State-run oil marketers again hiked transport fuel prices effective from today on account of rising in dealer commission, by 10 paise for diesel and 14 paise for petrol, inclusive of local taxes in Delhi, with the corresponding increase in other states.
Indian Oil Corp said in a statement that “There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission.”
As per commission, the dealers were so far getting Rs 1.38 per litre on petrol and Rs 2.28 on a litre of diesel.
Petrol per litre from Wednesday will cost Rs 64.72 in Delhi, Rs 67.72 in Kolkata, Rs 71.12 in Mumbai and Rs 64.24 in Chennai.
Similarly, diesel per litre will cost Rs 52.61 in Delhi, Rs 54.92 in Kolkata, Rs 58.11 in Mumbai and Rs 54.07 in Chennai.
As per official data, The Indian basket of crude oils closed trade on Monday at $48.10 a barrel.
Amid the recent fluctuation in global oil prices, IOC had last week moved in different ways on its fortnightly revision of transport fuels, increasing the price of petrol by 28 paise a litre and decreasing diesel by 6 paise effective from Saturday — both at Delhi, with corresponding changes in other states.