In Nagaland Petrol Prices Nearing Of Rs.99 Per Litre.

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Nagaland:Across the state petrol price of per litre increased by 0.26 paise  , while price of disel per litre become more expensive costing 0.29 paise .

 Petrol price nearing  Rs 99 per litre  in Nagaland Tuensang District  as record  surge in fuel prices sustained  with oil  marketing companies (OMCs) revising the  fuel prices after a days week.

As per report , petrol deal   at Rs.98.73 Per Litre  in  Tuensang  while a litre of diesel deal for  Rs 92.57 per litre on Friday.

Petrol price balanced at Rs.98 per litre in 5 districts Kiphire, Noklak,Mon,Phek and Zunheboto.

Except in Dimapur  the petrol price  was Rs .99.17, meanwhile by Friday the petrol price  of Xtra Premium Petrol wherever it was available has crossed Rs. 100 per litre.

Fuel in Nagaland  is costliest  in Tuensang  and cheapest  in commercial capital Dimapur.

Per litre of diesel and petrol were retailing  at Rs.95.61 and Rs.89.81 respectively in Dimapur.

Fuel prices  have been hiked 10 times this month till June 18th , it remained unchanged for 8 days.

OMCs revise petrol and diesel prices  every morning benchmarking retail fuel prices to  average  of Global refined  products ‘prices  and dollar exchange .According to IOC’s ‘price buildup’ of fuel prices in Delhi ,besides  global price impact on base price , retail prices are determined by price  charged  to dealers (based price +freight etc)excise duty , average dealer commission ,and VAT (including VAT  on Dealer Comission ).

Price trends in the case of Nagaland indicated that prices of fuel in each district correspond with their proximities with Dimapur,where the IOCs Depot Terminal is located- the shorter the distance, the cheaper and vice-versa.