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Petrol, diesel prices hiked

Sujay Mehdudia

NEW DELHI: The oil marketing companies have announced a hike in petrol price by Rs. 2.71 a litre and diesel price by Rs. 2.55 with effect from midnight on Friday night, after Finance Minister Pranab Mukherjee juggled customs and excise duties in the Union budget. He also imposed a 5 per cent customs duty on crude import.

Now, petrol price in Delhi will go up from Rs. 44.72 to Rs. 47.43 a litre and diesel price to Rs. 5.47, as indirect tax proposals come into effect immediately.

This follows the hike in customs duty on petrol and diesel from 2.5 to 7.5 per cent, and in excise duty by Re. 1 a litre to Rs. 14.35 and by Rs. 4.60 a litre on non-branded (normal) petrol and diesel respectively.

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