State-owned oil marketing companies (OMCs) increased diesel price on Monday by 25 paise per litre—the third increase since last week.
According to PTI report, more rate hikes for both diesel and petrol are in the offing in the coming days as international oil prices have soared to a three-year high.
After today’s rate revision, the price of diesel climbed to Rs.91.44 per litre in Dimapur while it soared to Rs.92.25 per litre in the state capital Kohima.
This is the second straight day of increase in diesel prices and the third since September 24 when the state-owned oil firms ended a three-week hiatus in rates.
Petrol price, which remained changed on Monday, costs Rs. 99.72 per litre in Dimapur and Rs.100.72 in Kohima.
PTI report quoting industry sources said that the price of petrol, alongside diesel, was likely to be increased in the coming days as the rally in international crude oil prices has continued, with Brent Future prices quoting at more than USD 78 per barrel since September 24. Crude oil prices have reached a nearly three-year high as global output disruptions have forced energy companies to draw more crude oil out of their stockpiles.