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Marginal hike in petrol, diesel prices

Petrol will be costlier by seven paise per litre and diesel by four paise as the oil ministry has raised dealer margins on these motor fuels. The new rates came into effect from midnight Monday, Federation of All India Petroleum Traders chief Ajay Bansal said.

He said the quantum of increase will be uniform throughout the country as it will not have any incremental increase in local taxes. Dealers at present get Rs 1.02 as commission per litre of petrol and 63 paise on diesel. Bansal said the increase in fuel prices will come about as dealer margin will be passed on to consumers.

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