Petrol price will be hiked by 30 paise per litre and diesel rate by 18 paise a litre after government decided to increase the commission paid to petrol pump dealers.

The Petroleum Ministry today decided to increase the dealer commission on petrol from Rs 1.499 per litre to Rs 1.799 a litre. The same on diesel has been hiked from 91 paise to Rs 1.09 a litre, official sources said. They said the hike would be effective either today or from tomorrow, depending on when the ministry issues a formal letter to oil companies.