At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 6.50, or 0.84 per cent, to Rs 774.50 per kg, clocking a business volume of 362 lots.
The oil for March contract traded higher by Rs 6.20, or 0.79 per cent, to Rs 784.50 per kg, with a trading volume of 140 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh that led to rise in mentha oil prices at futures trade.