Diesel Price in Manipur

Diesel Price in Manipur Apr 16 2024

The Diesel Price in Manipur is ...

Change In Prices of Diesel in Manipur (Today & Yesterday)

Diesel Price in Manipur Today Apr 16 2024

Diesel is a vital product that is used for a variety of purposes all over the world. It is a significant factor in developing countries like India’s economic growth. Diesel is in equal demand across all Indian states. It is worth noting that India lacks the requisite resources to manufacture diesel and gasoline on its own. The nation borrows a lot of crude oil.

Because of rising crude oil prices, diesel prices in all state capitals have risen beyond the average citizen’s control. Also, diesel buyers in Manipur’s capital have expressed concern about the situation. In Imphal, Manipur’s capital city, Diesel prices were revised on February 28th, 2021, and stood at Rs.84.56 per litre.

Diesel Price in Manipur- Last 10 Days Data

DATE	Diesel PRICE / LITRE
17 November 2021	₹ 84.15
16 November 2021	₹ 84.15
15 November 2021	₹ 84.15
14 November 2021	₹ 84.15
13 November 2021	₹ 84.15
12 November 2021	₹ 84.15
11 November 2021	₹ 84.15
10 November 2021	₹ 84.15

Diesel Price City

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Diesel Price States

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Trend of Diesel Price in Manipur for March 2021 (rates per litre):

Parameters	Rates
1st March	Rs. 88.24
31st March	Rs. 87.66
The highest rate in March	Rs. 88.30 on March 14th
Lowest Rate in March	Rs. 87.66 on March 30th
Overall performance	Falling
% Change	-0.66%

• The Diesel price in Manipur on 1st March: Rs. 88.24/litre
• In the last week of March, the prices were close to Rs. 87.66/litre, which was also the lowest price that month.
• The trend of change is falling.
• The overall price change reads at -0.66%

Trend of Diesel Price in Manipur for February 2021 (rates per litre):

Parameters	Rates
1st February	Rs. 82.91
28th February	Rs. 88.23
The highest rate in February	Rs.88.30 on February 25th
Lowest Rate in February	Rs.82.91 on February 1st
Overall performance	Rising
% Change	+6.31%

• The Diesel price in Manipur on 1st Feb: Rs. 82.91/litre
• In the last week of March, the prices were close to Rs. 88.30/litre, which was also the highest price that month.
• The trend of change is rising.
• The overall price change reads at +6.31%.

Trend of Diesel Price in Manipur for January 2021 (rates per litre):

Parameters	Rates
1st January	Rs. 80.10
28th January	Rs. 82.91
The highest rate in January	Rs. 83.16 on January 25th
Lowest Rate in January	Rs. 80.10 on January 1st
Overall performance	Rising
% Change	+3.39%

• The Diesel price in Manipur on 1st Jan: Rs. 80.10/litre
• In the last week of Jan, the prices were close to Rs. 82.91/litre.
• The trend of change is rising.
• The overall price change reads at +3.39%.

Trend of Diesel Price in Manipur for December 2020 (rates per litre):

Parameters	Rates
1st December	Rs. 78.43
31st December	Rs. 80.10
The highest rate in December	Rs. 80.34 on December 14th
Lowest Rate in December	Rs. 78.43 on December 30th
Overall performance	Rising
% Change	+2.08%

• The Diesel price in Manipur on 1st December: Rs. 78.43/litre, which was the lowest price that month.
• In the last week of December, the price closed at Rs. 80.10/litre.
• The trend of change is rising.
• The overall price change reads at +2.08%.

Trend of Diesel Price in Manipur for November 2020 (rates per litre):

Parameters	Rates
1st November	Rs. 76.41
31st November	Rs. 78.55
The highest rate in November	Rs. 78.55 on November 29th
Lowest Rate in November	Rs. 76.30 on November 3rd
Overall performance	Rising
% Change	+2.72%

• The Diesel price in Manipur on 1st Nov: Rs. 76.41/litre, which was the lowest price that month.
• In the last week of Nov, the price closed at Rs. 78.55/litre.
• The trend of change is rising.
• The overall price change reads at +2.72%.

Trend of Diesel Price in Manipur for October 2020 (rates per litre):

Parameters	Rates
1st October	Rs.88.24
31st October	Rs.87.66
The highest rate in October	Rs.88.30 on October 14th
Lowest Rate in October	Rs.87.66 on October 30th
Overall performance	Falling
% Change	-0.66%

Diesel Price in Manipur Compared to its Neighbouring States

How often Diesel Rates are Revised in Manipur

With the complete implementation of the Dynamic Pricing system, proposed in 2018, the fuel price (diesel and petrol) are revised daily. The rates get an update every day at 0600 hours in the morning, barring any drastic policy change or introducing new taxes. The diesel rate in Manipurstays is almost identical.

Before the DPM, the fuel rates used to be revised after a period of 15 days, when the ministry would decide on the price based on all the factors, be it foreign currency rates, or excise duty, or even domestic factors.

Factors Affecting Diesel Prices in Manipur

Crude Oil Prices: Any change in foreign crude oil prices directly impacts crude oil prices in the domestic market. This is the most fundamental reason to blame for any increase in fuel prices in India.

A rise in foreign demand, a low production rate, and any political instability in the world’s crude oil-producing countries significantly affect gasoline prices.

• Increased Demand: Financial development in the country and other developing countries has increased the demand for oil and other essential fuels.

The population of private vehicle owners has increased in recent years, leading to an increase in demand for Diesel in India, resulting in a rise in India’s Diesel rates.

• Mismatch in Supply and Demand: To meet market demands, Indian oil refinery companies face challenges because the cost input price of crude oil is high, resulting in less supply and higher demand for Diesel in the region.

When supply rises, the price of gasoline falls, and vice versa.

• Rupee to Dollar Exchange Rate: The rupee-dollar exchange rate is another crucial factor affecting India’s Diesel price.

Indian oil firms pay in dollars for oil imported from other nations, but their expenses are rupees. As a result, when the rupee falls in value, you would pay more for the USD.

• Logistics: It is a significant factor in retail fuel pricing. Diesel and petrol shipped over long distances to cities or regions farther away from depots would be more expensive than those near the oil companies’ storage areas.

State Taxes and Diesel Price in Manipur

The prices of Dieseleum products differ depending on local government policies that impose fuel taxes.

As the Indian government increases fuel tax rates, Indian oil firms increase gasoline prices to recover losses and sustain marginal profits in the Indian oil industry.

Effect of GST on Manipur Diesel Price

The term “Goods and Services Levy” (GST) is well-known these days. Last year, the Indian government unveiled a unified, streamlined tax platform. GST is levied on all customers in the area. Since diesel is not subject to the GST scheme, the new tax regime does not affect diesel pricing.

According to the state government, a 2% sales tax surcharge would also be imposed on gasoline and diesel.

The increase in fuel prices sparked uproar from the opposition party Congress, which said that the move would put people out of work.

How are Diesel Prices in Manipur Responding to GST?

The Manipur government raised Diesel and diesel taxes on Wednesday amid a nationwide lockdown and falling crude oil prices. According to them, Diesel’s litre now costs Rs 74.9 and a litre of diesel costs Rs 67.5.

“The latest tax rate for Diesel is 31%, or Rs 17.6 per litre, and 22.5 per cent, or Rs 12.5 per litre,” according to a government notification.

Diesel Cost versus Petrol Cost in Manipur

Check the latest Petrol Prices in Manipur Here.

News Snippets

Manipur slashes petrol, diesel retail rates by over Rs 5/litre

According to the Manipur government, the Manipur government slashed petrol and diesel retail prices by more than Rs 5 on Tuesday by lowering VAT.

The new retail petrol rate will be Rs 85.86, down from the current rate of Rs 91.26, and the new retail price of diesel will be Rs 79.13, down from the current rate of Rs 86.23 in the state capital, Sangma said following a review meeting with his cabinet members and other elected government officials.

FAQs

✅ What is the average Diesel price in Manipur?

The average Diesel price in Manipur is ₹ 80.20.

✅ What is the costliest Diesel price in Manipur?