Petrol, diesel price up 80 paise a litre ; Rs.50 hike in LPG rates

Petrol and diesel prices on Tuesday were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs.50 per cylinder, ending a over four and half month election-related hiatus in rate revision, sources said.

Petrol in Delhi will now cost Rs.96.21 per litre as against Rs.95.41 previously while diesel rates have gone up from Rs.86.67 per litre to Rs.87.47.

A 14.2-kg non-subsidized LPG cylinder will now cost Rs.949.50 in the national capital.

While LPG rates were last revised on October 6, petrol and diesel prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab.

Prices have been on a freeze since then despite the cost of raw material spiraling. International oil prices were around USD 81-82 a barrel in early November as against USD 114 now.

Sources said a 5 KG LPG cylinder will now cost Rs.349 while the 10 kg composite bottle will come for Rs.669.

The 19-kg commercial cylinder now costs Rs.2003.50.