Oil marketing companies on Sunday hiked diesel price by up to 25 paise across the country, the second increase in rates after the State-owned oil firms ended a three-week hiatus in rates following international oil prices surging to their highest since 2018. However, petrol price remained unchanged.
Accordingly, diesel price was hiked to Rs. 91.19 a litre in Dimapur and Rs. 91.99 a litre in Kohima. In the national capital, diesel now cost Rs. 89.07 a litre.
State-owned Indian Oil Corp., Bharat Petroleum Corp. Ltd. and Hindustan Petroleum Corp. Ltd. had on September 24 resumed daily price revision, ending the pause in rates hit since September 5.
On September 24, diesel rates were hiked by 20 paise a litre.
The price of petrol and diesel in the international market has risen by around $6-7 per barrel this month as compared to average prices during August.
But oil companies, which are supposed to revise prices daily in line with the cost, did not change rates for almost three weeks. They have now started to pass on the increase to customers.