Petrol Stop - Petrol, diesel costlier as dealer margins hiked

Petrol, diesel costlier as dealer margins hiked

Tuesday, 07 September 2010

08 Sept 2010;timesofindia.indiatimes.com:NEW DELHI: Petrol and diesel prices will increase marginally owing to the government revising dealer margins. Petrol price will rise by approximately 10 paise and diesel by 8 paise a litre. Accordingly, from midnight Tuesday, petrol in Delhi will cost Rs 51.53 a litre and diesel Rs 40.18. In Mumbai, petrol will cost Rs 55.98 and diesel Rs 42.06. In Kolkata, petrol will sell for Rs 55.42 and diesel Rs 40.02 per litre. In Chennai, the prices will be Rs 55.02 and Rs 40.15 for petrol and diesel respectively. The oil ministry on Tuesday cleared a proposal to raise dealer commision from Rs 1,125 per kilolitre to Rs 1,218. Similarly, dealer commission on diesel has been raised from Rs 673 a kilolitre to Rs 757. The dealers have threatened to go on an indefinite strike from September 20 demanding an upward revision and a formula for setting their commission in line with full deregulation of petrol prices and partial freeing of diesel. The government had in June raised petrol prices by Rs 3.50 a litre, diesel by Rs 2, kerosene by Rs 3 and cooking gas by Rs 35 a cylinder. While deciding on the increase, the ministerial panel on fuels had also freed up petrol pricing and said diesel prices too would be linked to market in phases.