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Diesel price hiked by 45 paise a litre, petrol to cost Rs.1.50 more
Friday February 15, 2013 08:03:49 PM,
IANS
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New Delhi: Diesel will
become costlier by 45 paise per litre and petrol by Rs.1.50 a
litre from Friday-Saturday midnight due to increase in crude oil
prices in international markets, oil marketing firms said Friday.
A litre of diesel which currently costs Rs.47.65 in New Delhi will
be costlier by 45 paise plus taxes. Petrol currently costs
Rs.67.26 per litre in the national capital and it will become
costlier by Rs.1.50 a litre plus taxes.
Rates of petrol and diesel vary from state to state due to
different tax structure.
The last revision in petrol and diesel prices was done Jan 18 this
year, when the diesel price was increased by the same amount 45
paise per litre. However, petrol price was reduced by 25 paise per
litre.
"Since the last price change, the international oil prices have
constantly shown an uptrend. Crude oil price has increased from
$109.08 per barrel to $113.24 per barrel," said Indian Oil
Corporation, the country's largest oil marketing firm.
As a result of the latest hike in prices, under-recovery on diesel
will come down to Rs.10.27 per litre from the current Rs.10.72 a
litre. At the time of last price revision, under-recovery on
diesel price was Rs.9.15 per litre. The under-recovery on diesel
has increased in the last one month due to a sharp increase in the
prices of crude oil in the international market.
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