Fuel Prices across Nagaland on July 8. (Morung Photo)
Morung Express News
Dimapur | July 8
Nagaland State’s capital Kohima became the latest district headquarters in the State to join the ‘Rs 100 club’ with the cost of a litre of petrol crossing the century mark on July 8.
With fuel prices hiking for two consecutive days, a litre of petrol in Kohima increased from Rs 99.73 on July 7 to Rs 100.7 on July 8, a new record high.
The State-run oil marketing companies (OMCs) revised the price of petrol upward by 0.34 paise per litre across the State on Thursday while the price of diesel was raised marginally by 0.09 paise.
With this, a litre of petrol is now over Rs 100 a litre in 10 districts of Nagaland - Tuensang, Kiphire, Noklak, Mon, Phek, Zunheboto (Satakha), Longleng, Mokokchung, Wokha and Kohima.
The prices first breached the psychological Rs 100 a litre mark in Tuensang and Kiphire on June 26, as per the database maintained by The Morung Express based on the official IndianOil One app.
Mon, Phek and Zunheboto (Satakha) reached the threshold on July 2, followed by Longleng and Mokokchung on July 4. Wokha joined the ‘club’ on July 5.
Only in commercial capital Dimapur and its immediate neighbour Peren, the cost of a litre of petrol is below Rs 100, and still two or three revisions away from the century mark. (See Image)
OMCs revise fuel prices daily based on global crude prices and exchange rate of currency. Besides, prices are determined by central and state tax policy, dealer’s commissions as well as other related charges, including transportation. The prices, as a result, vary from state to state, and region to region within a state.
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 + fright etc), excise duty, average dealer commission, and VAT (including VAT on Dealer Commission).
