Summary
Diesel price in Delhi will be hiked by 57 paise after including taxes, to Rs 57.28 per litre.
Diesel price was hiked by 50 paise a litre effective midnight on Saturday, excluding state levies, the second increase in rates three weeks.
The monthly hike in price came after several rounds of discussions that oil minister Dharmendra Pradhan held with state-owned oil firms on continuing with the UPA government’s reform measure.
Diesel price in Delhi will be hiked by 57 paise after including taxes, to Rs 57.28 per litre, while it will cost Rs 65.84 a litre in Mumbai as against the earlier price of Rs 65.21.
“Even after the current increase, under recovery (loss) on retail diesel shall stand at Rs 2.80/litre,” Indian Oil Corp, said in a statement announcing the hike.
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