New Delhi: Oil marketing companies on Friday increased petrol price by 75 paise a litre, diesel by 50 paise, with effect from midnight tonight.

Petrol in Delhi currently costs Rs 71.50 per litre and after the increase it will be priced at Rs 72.25 per litre.

Diesel rates will go up marginally from Rs 53.80 a litre to Rs 54.30 in Delhi.

New rates, which are excluding local sales tax or VAT, will be effective from midnight tonight.

Petrol price was last hiked on December 20 by 41 paise a litre following the government decision to raise commission paid to petrol pump dealers and firming global oil rates.

Simultaneously, diesel rates were increased by 10 paise per litre due to a hike in dealers commission.

SRC:Zee