Indian oil companies will hike the prices of petrol by 30 paisa per litre and diesel by 18 paisa per litre. The fuel prices are being hiked after the government took the decision to increase the petrol pump dealers’ commission.
Currently the petrol pump dealers get Rs. 1.49 per litre commission on sale of petrol and Rs. 0.91 per litre on diesel. The petrol pump dealers have demanded that their cut must be hiked to Rs. 2.10 for petrol and Rs. 1.33 for diesel. The dealers have reasoned that unlike the LPG agencies, petrol pumps have to remain open 365 days a year and 24 hours which increases operating costs.