Petrol, diesel prices rise for 3rd straight day

DIMAPUR, NOV 22 (NPN) | Publish Date: 11/22/2020 11:41:01 AM IST

Petrol price on Sunday was hiked by 8 paise per litre and diesel by 19 paise, the third straight day of increase in rates as the firming international oil rates broke a nearly two-month-long hiatus in price revision.

Petrol price in Dimapur was hiked to Rs 84.28 per litre while diesel was increased to Rs 74.70 a litre, according to a price notification from oil marketing companies. In the state capital Kohima, a litre of petrol and diesel was retailing at Rs.85.12 per litre and Rs.75.39 a litre respectively.

State-owned fuel retailers started raising fuel prices from Friday. In three days, petrol price has gone up by 40 paise and diesel rates have risen by 61 paise per litre. Petrol prices had been static since September 22, and diesel rates hadn’t changed since October 2.

Rates vary from state to state depending on the incidence of local sales tax or VAT. OMC sources said that the auto fuel hike may not end just yet and the price of the two petroleum products may increase gradually over the next week as well.

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