Prices of petrol and diesel will be increased by 30 paise per litre and 18 paise per litre, respectively. The rise in fuel prices is due to government's decision to increase the commission paid to petrol pump dealers. Currently, dealers get a commission of Rs 1.49 per litre of petrol and 91 paise per litre of diesel.
The government on Oct 8 had slashed petrol price by 56 paise. The reduction came in the wake of appreciation of rupee against the US dollar, which had helped the oil firms make profit.
Petrol costs Rs 67.90 per litre in Delhi after a 56 paise cut (excluding state levies in Delhi) announced by state-owned oil retailer Indian Oil.
The petrol price in Mumbai was cut by 71 paise to Rs 74.43 and by 70 paise in Kolkata to Rs 75.44 a litre. In Chennai, it costs Rs 71.48 per litre.
(With PTI inputs)