TIL Desk/Business/New Delhi/ Diesel price on Monday was hiked by 25 paise per litre — the third increase since last week — and more rate hikes for both diesel and petrol are in the offing in the coming days as international oil prices have soared to a three-year high. The price of diesel was hiked to Rs 89.32 per litre in Delhi and to Rs 96.94 in Mumbai, according to a price notification of state-owned fuel retailers.
This is the second straight day of increase in diesel prices and the third since September 24 when the state-owned oil firms ended a three-week hiatus in rates. Just like the previous two occasions, petrol price was not changed on Monday.
It costs Rs 101.19 a litre in Delhi and Rs 107.26 in Mumbai. However, industry sources said the price of petrol, alongside diesel, is likely to be increased in the coming days as the rally in international crude oil prices has continued, with Brent Future prices quoting at more than $78 per barrel since September 24.
