Petrol nears Rs 99 a litre in Tuensang as record surge in fuel prices continue

•    Petrol above Rs 98 a litre in 6 districts in Nagaland 
•    Premium petrol over Rs 100 a litre in all districts except Dimapur 

Morung Express News
Dimapur | June 18

Petrol price in Nagaland’s Tuensang district was nearing Rs 99 a litre on June 18 as record surge in fuel prices continued with oil marketing companies (OMCs) revising the fuel prices after a day’s break. 

On Friday, petrol price increased by 0.26 paise per litre across the State while diesel became costlier by 0.29 paise, according to data on the IndianOil One, the official app of the Indian Oil Corporation Ltd on fuel related matters.

Consequently, petrol was retailing at Rs 98.73 per litre in Tuensang while a litre of diesel going for Rs 92.57 on Friday. 

In 5 other districts – Kiphire, Noklak, Mon, Phek, and Zunheboto (Satakha), petrol was hovering above Rs 98 per litre. 

Meanwhile, by Friday, the price of Xtra Premium petrol, wherever available, had crossed Rs 100 a litre except in Dimapur where it was Rs 99.17. 

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

In Dimapur, a litre of petrol and diesel were retailing at Rs 95.61 and Rs 89.81 respectively after Friday’s hike. 

 According to database maintained by The Morung Express based on the IOC’s app, fuel prices have been hiked 10 times this month till June 18, while 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 Commission).

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