New Delhi: Petrol price was on Friday hiked by Rs 1.50 per litre and diesel by 45 paise as state-owned oil companies exercised newly bestowed pricing freedom.
The first hike in petrol price in over three-and-a-half months and the second rise in diesel rates in one month exclude local sales tax or VAT and the increase for consumers at petrol pumps would be higher.
Petrol price in Delhi will go up by Rs 1.80 to Rs 69.06 per litre with effect from midnight tonight after including 19 percent VAT. Diesel rates would go up by 51 paise to Rs 48.16 a litre.
The increase in auto fuel prices, which come on back of a small hike in diesel price last month, is expected to fuel inflation that stood at three-year low of 6.2 percent in January.
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