Petrol prices up by 75 paise, diesel dearer by 50 paise
Petrol and diesel prices in India will be hiked from January 4, 2014, after the Government's decision to raise the commission paid to the fuel stations. While petrol will see a hike of up to 75 paise per litre, diesel will be dearer by up to 50 paise per litre.
The disclosed price hike is exclusive of state, local and value added taxes and the new prices will be effective from Friday midnight.
Petrol in Mumbai currently costs Rs 78.56 per litre and after the increase and local taxes it will be priced at Rs 79.52 per litre and diesel prices will rise from Rs 60.80 to Rs 61.42 in Mumbai.
The fuel price hike comes a fortnight after the central government raised petrol prices by 41 paise a litre in order to raise commission paid to petrol pump dealers, the diesel rates were spiked by 10 paise.
Two fuel price hikes in 15 days is likely to further hurt the ailing automotive industry in India.
What you'll be paying for a litre of fuel
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