Diesel Price in Mizoram

The trend of Diesel Price in Mizoram for March 2021 (Prices per litre):

• The month of March showed the first instance of a fall in the price after almost a period of six months.
• The diesel price in Mizoram on the 1st was Rs.80.70 per litre, which was also the highest monthly price.
• The diesel price in Mizoram on the 31st was Rs.79.92 per litre, which was the monthly lowest price and was also at a rate of 0.98% less than the opening price.

The trend of Diesel Price in Mizoram for February 2021 (Prices per litre):

• The month of February showed a continued rising trend as in the previous months.
• The diesel price in Mizoram on the 1st was Rs.75.90 per litre, which was also the lowest monthly price.
• The diesel price in Mizoram on the 31st was Rs.80.51 per litre, and Rs.80.55 was the monthly highest price per litre and also 5.73% higher than the opening price.

The trend of Diesel Price in Mizoram for January 2021 (Prices per litre):

• The month of January showed a continued rising trend as in the previous months.
• The diesel price in Mizoram on the 1st was Rs.73.40 per litre, and the lowest monthly price per litre was Rs.73.32 recorded on the 4th.
• The diesel price in Mizoram on the 31st was Rs.75.90 per litre, which was also the monthly highest price per litre and also 3.29% higher than the opening price.

The trend of Diesel Price in Mizoram for December 2020 (Prices per litre):

• The month of December showed a continued rising trend but at a lesser rate as compared in the previous months.
• The diesel price in Mizoram on the 1st was Rs.71.98 per litre, which was also the lowest monthly price.
• The diesel price in Mizoram on the 31st was Rs.73.40 per litre, and Rs.73.90 was the monthly highest price per litre and also 1.93% higher than the opening price.

The trend of Diesel Price in Mizoram for November 2020 (Prices per litre):

• The month of November showed a greater rise as compared to the previous months.
• The diesel price in Mizoram on the 1st was Rs.69.68 per litre, which was also the lowest monthly price.
• The diesel price in Mizoram on the 31st was Rs.71.69 per litre, and Rs.71.98 was the monthly highest price per litre and also 2.80% higher than the opening price.

The trend of Diesel Price in Mizoram for October 2020 (Prices per litre):

• The month of October showed a stabilised trend as in the previous months settling just a little lower than the opening price.
• The diesel price in Mizoram on the 1st was Rs.70.03 per litre, and the lowest monthly price per litre was Rs.69.68.
• The diesel price in Mizoram on the 31st was Rs.69.68. per litre and Rs.70.41 was the monthly highest price per litre and also 0.50% lower than the opening price.

Diesel Price in Mizoram Compared to its Neighbouring States:

Mizoram is one of the northeastern states which are referred to as ‘Seven Sister’; the diesel price in Mizoram is Rs. 79.92, which can be compared to the diesel prices of its neighbours.

How often Diesel Prices are Revised in Mizoram

TThe regular revision is a new fuel pricing scheme in India that went into effect in 2017. Both gasoline bunks around the state can change diesel rates on a daily basis under the new scheme.

Most of the fuel retailers in the country are governmental organisations that use government calculated prices for per litre rates of fuel and sell the petrol at that price. on a daily basis at 6.a.m., the prices are updated. 

Factors Affecting Diesel Prices in Mizoram

The price of diesel is subject to adjustment on the basis of various factors that are influenced by the situation of the international crude oil market.

It is a constant fuel pricing system that adjusts fuel rates (both gasoline and diesel) in accordance with crude oil prices and the exchange rate. The components of diesel rates Mizoram are:

• OMCs cover the expense of fuel oil.
• Refineries charge a Refinery Transfer Price (RTP).
• The state and federal governments levy taxes on diesel.
• The gross margin of OMCs is applied to the gross overheads they generate.
• For selling petrol to end-users, dealers charge a commission.

State Taxes and Diesel Price in Mizoram

Value Added Tax (VAT) is a tax that is levied on goods and services. The Value Added Tax (VAT) is a consumption tax imposed by a state or the federal government on a good or service if the value is added at each level of the supply chain, starting with manufacturing and terminating at the point of sale.

The amount of VAT, a consumer, owes is dependent on the price of the goods minus the previously taxable prices of products used in the product. It is a government-imposed levy on the procurement of such goods and services. The client is responsible for the VAT costs. In India, state governments tax VAT on gasoline prices, which varies from one state to the next. Diesel is levied at 14.5 per cent in Mizoram.

Effect of GST on Mizoram Diesel Price

GST has no effect on diesel prices in Mizoram because diesel is exempt from the tax, which is levied on a variety of services and products. GST thresholds are currently set at 5 per cent, 12 per cent, 18 per cent, and 28 per cent. If a GST is placed on petrol, the cost of implementation for market members will be doubled.

News Diesel Price in Mizoram Today:

25/03/2021:

Fuel prices fell for the two days in a row on Thursday as foreign oil prices dropped as expectations of a quick rebound in demand were clouded by the second round of COVID-19 events. Following the price information, the price of petrol has been reduced by 21 paise per litre, and diesel price in Mizoram shows a fall by 20 paise per litre.

09/03/2021:

Consumers will avoid a significant rise in gasoline and diesel prices for the next few weeks if four states and one union territory hold elections later this month.

 09/02/2021:

On February 9, 2021, state-owned oil marketing firms lifted diesel prices by up to 35 paise across India’s metros. Diesel sales in all metros have been unchanged over the last three days. In comparison to all other metros, Mumbai has the highest diesel costs. Diesel premiums are updated on a regular basis, and because of municipal taxes, prices vary from city to city. 

Diesel rates in Delhi, Mumbai, Chennai, and Kolkata have been revised to Rs.77.48, Rs.84.36, Rs.82.66, and Rs.81.06 per litre, respectively, following the revision. Indian Crude, Bharat Petroleum, and Hindustan Petroleum dominate the bulk of India’s diesel stations.

FAQs For Diesel Price in Mizoram Today:

How can diesel prices in Mizoram be checked?

Mizoram residents have three choices for checking the most recent offer. The first choice is to download some of the oil marketing brands’ smartphone apps. SmartDrive is the name of Bharat Petroleum’s mobile application, My HPCL is the name of Hindustan Petroleum’s mobile application, and Fuet@IOC is the name of Indian Oil’s mobile application. Consumers may also take advantage of OMCs’ SMS and customer support systems.

What was the trend of diesel price at the end of 2018?

On the first day of October, Mizoram’s diesel price hit a new high of Rs.81.75 per litre, a new high owing to a high selling crude oil price in the international market. Mizoram’s diesel prices continued to rise in the first week, reaching the highest level of the month at Rs.81.92 per litre. The diesel price in Mizoram fell by 1.76 per cent by the end of the month, owing to a reduction in excise duty as well as a marginal decrease in global oil prices.

Diesel was priced at Rs.80.31 per litre on November 1, the highest price of the month in Mizoram. Thanks to diplomatic concerns between the United States and China over trade, crude oil prices were trading higher. On the 30th of November, diesel was traded at its lowest price of the month, at Rs.73.77 per litre. Overall, diesel prices fell by 8.14 per cent in November, owing to a drop in crude oil prices on the international market.