Diesel Price in Nagaland

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

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

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

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

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

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

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.

News Diesel Price in Nagaland 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 Nagaland 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 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.