Petrol prices up by 36 paisa per litre, diesel by 87 paisa

Petrol prices are set to move up by 36 paisa per litre and diesel prices by 87 paisa per litre from the midnight of November 15

Zee Media Bureau

New Delhi: Petrol become more expensive by 36 paise per litre on Sunday, while diesel prices were raised by 87 paise per litre. Revised prices will take effect from the midnight of November 15 and 16.

After the upward revision of Rs. 0.36 /litre at Delhi (including State levies), the price of petrol in the national capital will become Rs. 61.06 per litre, Indian Oil Corporation said.

Petrol prices in the county were last revised on October 31. Petrol had become cheaper by 50 paise per litre, but the diesel rates prices did not see any change.

The government had from November 7 raised excise duty on petrol by Rs 1.60 per litre and on diesel by 40 paise. The oil companies did not pass on this duty hike to consumers and absorbed all of it at the cost of their margin. The increase in excise duty on the fuels is likely to yield an additional revenue of about Rs 3,200 crore to the government during the rest of the current fiscal.