DIMAPUR, JUL 5 (NPN): Petrol price on Sunday crossed Rs. 100 a litre mark in two more districts– Longleng and Mokokchung—after state-owned oil marketing companies (OMCs) increased prices of petrol and diesel by 35 paise per litre and 18 paise a litre respectively.
With the latest hike, petrol price has now breached Rs.100 mark in eight districts of Nagaland—Tuensang, Kiphire, Noklak, Mon, Zunheboto, Phek, Longleng and Mokokchung—in Nagaland.
The hike on Sunday is the 34th increase in price of petrol and 33rd in case of diesel since May 4 this year.
In 34 hikes, the price of petrol has risen by Rs 9.11 per litre while diesel rates have soared by Rs 8.63 a litre in 33 hikes.
Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.
International oil prices have climbed in recent weeks on optimism of a quick recovery in fuel demand. Brent crude touched the USD 75 per barrel mark, the first time since April 2019.
Source: http://www.nagalandpost.com/petrol-price-crosses-rs-100-in-8-districts/235955.html
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