The increase in rates, which will be effective midnight tonight, are excluding local sales tax or VAT. The actual hike will be higher and will vary from city to city.
Petrol price in Delhi will go up by 84 paisa to Rs 71.28 per litre while it will cost Rs 78.61 per litre in Mumbai as against Rs 77.73 currently.
This is the fifth increase in rates since June and in all petrol prices have gone up by a massive Rs 6.82 per litre.
In a parallel move, they also hiked diesel rates by 50 paisa, excluding VAT, in line with the January decision of the government allowing them freedom to raise prices in small doses every month to wipe out mounting losses.
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Diesel price in Delhi has been hiked by 56 paisa to Rs 51.40 per litre while it will cost Rs 58.23 in Mumbai from tomorrow as compared to Rs 57.61 currently.
Alongside, oil firms also raised rates of non-subsidised domestic cooking gas (LPG) that households buy after exhausting their quota of 9 subsidised or cheaper cylinder. Price in Delhi was hiked by Rs 43 per 14.2-kg cylinder to Rs 875.