Diesel Price in Nagaland: Sep 25 2021
Today’s diesel rates in Nagaland are very sensitive to global crude prices. We have seen an uptick in global crude prices, which has also pushed diesel price in Nagaland higher. Also, prices of petroleum product have now been aligned to market rates. This means diesel price in Nagaland will rise each time, global crude prices rise, and the rupee falls against the dollar.
The Reserve Bank of India sets the INR/USD currency pair’s exchange rate. Interest rate parity, interest rates, the balance of payments, inflation rate, import and export ratios, and total debt are the most common influences on the exchange rate. Crude oil would be cheaper as the INR strengthens against the US dollar. When the INR depreciates against the USD, the price of crude oil rises. Global political trends, oil production, supplies, and weather conditions in oil-producing countries are all factors that affect crude oil prices.
Diesel Price in Nagaland Today Sep 25 2021:
|Diesel ( / litre)||₹ 83.84||₹ 83.84||₹ 0 ↑|
Diesel Price in Nagaland in the last ten days:
|Date||Diesel ( / litre)|
|05 Apr 2021||₹ 83.84|
|04 Apr 2021||₹ 83.84|
|03 Apr 2021||₹ 83.84|
|02 Apr 2021||₹ 83.84|
|01 Apr 2021||₹ 83.84|
|31 Mar 2021||₹ 83.84|
|30 Mar 2021||₹ 83.84|
|29 Mar 2021||₹ 84.07|
|28 Mar 2021||₹ 84.07|
|27 Mar 2021||₹ 84.07|
The trend of Diesel Price in Nagaland for March 2021 (Prices per litre):
|Opening date price||Rs.84.44/litre|
|Closing date price||Rs.83.84/litre|
|Highest price||Rs.84.44/litre on the 1st|
|Lowest price||Rs.83.84/litre on the 31st|
The trend of Diesel Price in Nagaland for February 2021 (Prices per litre):
|Opening date price||Rs.80.14|
|Closing date price||Rs.84.44|
|Highest price||Rs.84.65 on 21st February|
|Lowest price||Rs.80.14 on 1st, February|
The trend of Diesel Price in Nagaland for January 2021 (Prices per litre):
|Opening date price||Rs.77.79/litre|
|Closing date price||Rs.80.14/litre|
|Highest price||Rs.80.14 from 27th|
|Lowest price||Rs.77.79 on 1st January|
The trend of Diesel Price in Nagaland for December 2020 (Prices per litre):
|Opening date price||Rs.78.27/litre|
|Closing date price||Rs.77.79/litre|
|Highest price||Rs.78.27/litre Recorded on the 1st|
|Lowest price||Rs.76.90/litre recorded on 1st|
The trend of Diesel Price in Nagaland for November 2020 (Prices per litre):
|Opening date price||Rs.78.27/litre|
|Closing date price||Rs.76.54/litre|
|Highest price||Rs.78.27/litre recorded on 1st|
|Lowest price||Rs.71.81/litre recorded on 11th|
The trend of Diesel Price in Nagaland for October 2020 (Prices per litre):
|Opening date price||Rs.72.26/litre|
|Closing date price||Rs.72.10/litre|
|Highest price||Rs.78.27/litre on the 2nd|
|Lowest price||Rs.73.58/litre on 3rd|
Diesel Price in Nagaland Compared to its Neighbouring States
Nagaland is one of the northeastern states referred to as ‘Seven Sister’; the diesel price in Nagaland is Rs. 83.84, which can be compared to the diesel prices of its neighbours.
One of the famous neighbours of Nagaland is Meghalaya; detailed information about diesel prices in Meghalaya can be found here.
How often Diesel Prices are Revised in Nagaland
The 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 calculated values provided by the government 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 Nagaland
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 in Nagaland 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 Nagaland
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. Petrol is levied at 16.50 per cent in Nagaland.
Effect of GST on Nagaland Diesel Price
GST has no effect on diesel prices in Nagaland 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.
Diesel Cost versus Petrol Cost in Nagaland
|Diesel (per litre)||₹ 84.83||₹ 84.36||₹ 0 ↑|
|Petrol ( per litre)||₹90.50||₹ 90.50||₹ 0 ↑|
News Diesel Price in Nagaland Today:
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 Nagaland shows a fall by 20 paise per litre.
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.
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 Nagaland Today:
How can diesel prices in Nagaland be checked?
Nagaland 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 is the trend as of now shown in the few days of April?
The price of diesel per litre as of the 6th of April is Rs.83.84, which is the stable price per litre of diesel in Nagaland for the past 6 days. This stabilised trend is expected to continue till the end of the month as the neighbouring state of Assam has state assembly elections coming up on 2nd May.
Table of Contents
- 1 Diesel Price in Nagaland: Sep 25 2021
- 2 Diesel Price in Nagaland Today Sep 25 2021:
- 3 Diesel Price in Nagaland in the last ten days:
- 4 The trend of Diesel Price in Nagaland for March 2021 (Prices per litre):
- 5 The trend of Diesel Price in Nagaland for February 2021 (Prices per litre):
- 6 The trend of Diesel Price in Nagaland for January 2021 (Prices per litre):
- 7 The trend of Diesel Price in Nagaland for December 2020 (Prices per litre):
- 8 The trend of Diesel Price in Nagaland for November 2020 (Prices per litre):
- 9 The trend of Diesel Price in Nagaland for October 2020 (Prices per litre):
- 10 Diesel Price in Nagaland Compared to its Neighbouring States
- 11 How often Diesel Prices are Revised in Nagaland
- 12 Factors Affecting Diesel Prices in Nagaland
- 13 State Taxes and Diesel Price in Nagaland
- 14 Effect of GST on Nagaland Diesel Price
- 15 Diesel Cost versus Petrol Cost in Nagaland
- 16 News Diesel Price in Nagaland Today:
- 17 FAQs For Diesel Price in Nagaland Today: