Morung Express News
Dimapur | May 31
Petrol were selling at Rs 93.94 a litre in Kohima as the Oil marketing companies (OMCs) increased fuel prices by 28 paise in Nagaland on May 31, after a day break.
This is the highest ever recorded price for the petrol so far, breaking the previous high of Rs 93.93 per litre in February this year before a tax rates cut by the State Government reduced the retail prices by over Rs 3 a litre.
Meanwhile, diesel price was retailing at record high Rs 88.02 on May 31 in Kohima, an increase by 26 paise over Sunday.
Petrol was costliest in Tuensang at 96.11 a litre on Monday while a litre of diesel was retailing at Rs 90.02 in the district.
In addition, premium petrol in Tuensang just few paise away from reaching psychological Rs 100-mark and retailing at Rs 99.67 a litre, according to data on the IndianOil One, the official app of the Indian Oil Corporation Ltd on fuel related matters.
Fuel was cheapest in commercial capital Dimapur at Rs 87.25 a litre for diesel and Rs 92.99 a litre for petrol.
Premium petrol was selling at Rs 96.55 and Rs 97.50 a litre respectively in Dimapur and Kohima on May 31.
With Monday's price rise, fuel prices have now increased on 16 days and remained unchanged on 15 days in the month of May, IANS news agency reported.
With global crude prices rising again to around $70 a barrel mark, OMCs may have to keep revising prices upwards for some more time, it added.
OMCs revise fuel prices on daily based on global crude prices and exchange rate of currency. Besides, prices are determined by central and state tax policy, dealer’s commissions as well as other related charges, including transportation.
