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Petrol hiked 14 paise/litre, diesel by 10 paise
State-run oil marketers again raised transport fuel prices effective from Wednesday on account of hikes in dealer commission, by 10 paise for diesel and 14 paise for petrol, inclusive of local taxes in Delhi, with corresponding increase in other states.
 
"There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission," Indian Oil Corp said in a statement here.
 
As commission, the dealers were so far getting Rs1.38 per litre on petrol and Rs 2.28 on a litre of diesel.
 
Petrol per litre from Wednesday will cost Rs 64.72 in Delhi, Rs 67.72 in Kolkata, Rs 71.12 in Mumbai and Rs 64.24 in Chennai.
 
Similarly, diesel per litre will cost Rs52.61 in Delhi, Rs 54.92 in Kolkata, Rs58.11 in Mumbai and Rs54.07 in Chennai.
 
The Indian basket of crude oils closed trade on Monday at $48.10 a barrel, as per official data.
 
Amid the recent fluctuation in global oil prices, IOC had last week moved in different ways on its fortnightly revision of transport fuels, increasing the price of petrol by 28 paise a litre and decreasing diesel by 6 paise effective from Saturday -- both at Delhi, with corresponding changes in other states.
 
Meanwhile, IOC plans to invest Rs 18,000 crore to raise capacity of its Panipat refinery in Haryana to 25 million tonnes by 2020, its Director (Refineries) Sanjiv Singh said here on Tuesday.
 
IOC owns and operates 11 out of India's 23 refineries with a combined refining capacity of 80.7 mt per annum.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Snopes and Izitru: Separate Fact from Fiction

These days, we receive so many mails, some of them well meaning but, sometimes, incredible. We need some means to verify whether the stories we get are really true. Snopes.com comes to the rescue in such situations. It is the definitive Internet reference source for urban legends, folklore, myths, rumours and misinformation. Use the search box to locate your item of interest, or click the icons to browse the site by category. If you don’t find the story you are looking for, you can even submit a rumour on the site to find out whether it is true or not. Similarly, if you get a photograph which is difficult to believe, you can upload it on www.izitru.com and get an instant report on whether the photograph is an original or modified! Both are very useful tools to satiate your curiosity and be a better-informed citizen.

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