Price of diesel, LPG and kerosene are likely to be hiked next month when a ministerial panel headed by Finance Minister Pranab Mukherjee meets to decide on passing rise in crude rates to consumers.

"The Empowered Group of Ministers (EGoM) has been scheduled to meet on June 9," a top oil ministry official told.

"Price of diesel, LPG and kerosene will have to go up (to cover for rise in input crude oil cost). What EGoM has to decide is by how much," the official said.

State-owned oil firms had earlier this month hiked petrol price by a steep Rs 5 per litre and oil ministry may push for a Rs 4 per litre increase in diesel and at least Rs 20-25 per 14.2-kg cylinder hike in domestic cooking gas (LPG) rates.