Thursday, August 21, 2025
Nagaland NewsFuel prices at all-time high

Fuel prices at all-time high

State-owned oil marketing companies (OMCs) Friday increased the prices of petrol and diesel for the second consecutive day pushing rates to an all-time high across the country.

According to a price notification of state-owned fuel retailers, petrol rate was hiked again by 25 paise per litre while diesel rate was increased by 30 paise per litre. The third increase in its rates this week has sent petrol prices above Rs 100 in most major cities of the country.

After the rate revision, petrol price in Dimapur rose to Rs.100.41 per litre and diesel price increased to Rs.92.29 per litre. In the state capital Kohima, prices of petrol and diesel climbed to Rs.101.41 per litre and Rs.93.10 per litre respectively. Prices differ from state to state depending on the incidence of local taxes.

State-owned OMCs resumed daily price revisions on September 24 after international oil prices neared a three-year high. Global benchmark Brent crude is trading above USD 78 per barrel.

In six price increases since September 24, diesel rates have gone up by 1.55 paise per litre. Petrol price has increased by 75 paise per litre in three instalments this week.

According to a PTI report, international 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.

When international oil rates fell in July and August, retail prices of petrol and diesel in the Delhi market were reduced by Rs 0.65 and Rs 1.25 per litre.

Prior to that, the petrol price was increased by Rs 11.44 a litre between May 4 and July 17. Diesel rate had gone up by Rs 9.14 during this period.

India is dependent on imports to meet nearly 85 per cent of its oil needs and so benchmarks local fuel rates to international oil prices. 

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