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Petrol & diesel prices raised marginally ahead of cabinet reshuffle

The government has raised pump dealers’ commission from Saturday ahead of cabinet reshuffle making petrol costlier by 30 paise per litre and diesel by 20 paise.

, ET Bureau|
Updated: Nov 14, 2012, 11.23 AM IST
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NEW DELHI: The government has raised pump dealers’ commission from Saturday ahead of cabinet reshuffle making petrol costlier by 30 paise per litre and diesel by 20 paise.

Petrol in Delhi now costs Rs 68.19 a litre and diesel is priced at Rs 47.15 but rates vary in different cities depending on local levies, Indian Oil Corp (IOC) executives said.

“Rates have been revised after the petroleum ministry issued an order late last night,” one executive said. The oil ministry had decided to raise dealers’ margin on Thursday under pressure from pump operators. Pump owners now get a commission of Rs 1.78 a litre on petrol and Rs 1.08 a litre on petrol.

“The commission has been raised but much below our expectations,” Federation of All India Petroleum Traders General Secretary Ajay Bansal said. Over 40,000 dealers were demanding that the commission on petrol should be raised by 67 paise and 42 paise on diesel because costs in operating pumps soared in last 15 months.
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