For the third straight day, the state-owned oil marketing companies (OMCs) hiked the prices of petrol and diesel on Saturday taking retail rates to new record highs across the country.
According to a price notification of OMCs, the prices of both petrol and diesel were increased by 35 paise per litre.
After the latest rate revision, petrol price in Dimapur has climbed to all-time high of Rs.103.91 per litre while diesel rose to highest-ever level of Rs.96.36 per litre. In the state capital Kohima, prices of petrol and diesel increased to record high of Rs.104.91 per litre and Rs.97.17 per litre respectively.
With this hike, petrol is now at Rs 100-a-litre mark or more in all state capitals, while diesel has touched the 100-level in a dozen states.
Since ending of a three-week long hiatus in rate revision in the last week of September, this is the 15th increase in petrol price and the 18th time that diesel rates have gone up.
Shedding the modest price change policy, state-owned fuel retailers have since October 6 started passing on the larger incidence of cost to consumers.
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