Petrol price nears Rs 97 a litre in Tuensang; premium over Rs 100

Morung Exrpress News
Dimapur | June 6

With the increase by 26 paise after a day’s break, petrol was hovering at Rs 96.89 a litre on Sunday in Tuensang, while in Nagaland State capital Kohima it was retailing at Rs 95.72 a litre. 

Diesel was also going for Rs 90.82 and Rs 88.82 per litre respectively in Tuensang and Kohima on June 6, as per the data on the IndianOil One, the official app of the Indian Oil Corporation Ltd on fuel related matters. Meanwhile, after Tuensang on June 4, the cost of Xtra Premium petrol in Mon breached the psychological Rs 100 a litre mark on Sunday and was retailing at Rs 100.01 per litre.

In two district headquarters – Longleng and Phek, the cost of premium petrol was near the mark at Rs 99.53 and Rs 99.76 respectively on Sunday. 

After Sunday’s hike, a litre of petrol was retailing at Rs 93.77 in Dimapur while diesel was priced at Rs 88.06 a litre. In Nagaland, while fuel is costliest in Tuensang; it is cheapest in commercial capital Dimapur.

So far in June, the Oil marketing companies (OMCs) have revised fuel prices thrice – June 1, 4 and 6. 

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 + fright etc), excise duty, average dealer commission, and VAT (including VAT on Dealer Commission).

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