IT News
Imphal, April 5:
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre.
This is the 13th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
The Petrol prices in Manipur in different districts have also been increased. In Bishnupur district 1 liter of petrol will cost Rs. 109.47 and diesel will cost Rs. 93.25, in Chandel 1 liter petrol will cost Rs. 109.89 and diesel Rs. 93.63, in Churachandpur 1 liter petrol will cost Rs. 109.85 and diesel Rs. 93.58, in Imphal East 1 liter petrol is Rs. 109.43 and diesel Rs. 93.21, in Imphal West 1 liter is Rs. 109.47 and diesel Rs. 93.25, in Jiribam one liter petrol will cost Rs. 111.45 and diesel 95.03, in Kakching district one litre petrol now cost Rs. 109.73 and diesel Rs. 93.48, in Kangpokpi one liter petrol cost Rs. 109.79 and diesel Rs. 93.53, in Noney district one litre petrol cost Rs. 109.81 while one litre diesel cost Rs.93.56, in Pherzawl district the petrol price per liter is Rs. 111.25 and diesel is 94.86, in Senapati district the cost of petrol per liter is Rs. 110.39 and while that of diesel is Rs. 94.08, in Tamenglong district a liter of petrol is now Rs. 110.85, while diesel cost Rs. 94.50 per litre, in Tengnoupal district the price of petrol per liter now is Rs. 110.36 and diesel cost Rs. 94.05 per litre, in Thoubal district one litre petrol now cost Rs. 109.61 and while diesel cost Rs. 93.37 per litre, in Ukhrul district the price of petrol per liter is Rs. 110.18 and diesel cost Rs. 93.88.
The Petrol prices in Manipur are based on dynamic fuel pricing system and hence revised on a regular basis. The petrol rates are revised at 6 am every day. This dynamic pricing ensures that even a minute’s variation in global oil prices can be transmitted to fuel users and dealers. The final petrol rate is decided by adding payment to the refineries, excise duty, dealer commission and Value-Added Tax or VAT. After adding these, the retail selling price of petrol gets nearly doubled. Several factors determine the price of petrol – like rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, among others. When international crude oil prices gain, fuel price in India moves higher.
Petrol in Delhi will now cost Rs 104.61 per litre as against Rs 103.81 previously, while diesel rates have gone up from Rs 95.07 per litre to Rs 95.87, according to a price notification of state fuel retailers.
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
