Petrol Price in Manipur

Petrol Price in Manipur Today

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Petrol Price in Manipur

Here is the latest information about petrol prices in Manipur today. You can also take a look at the different factors that determine and impact the cost of petrol in Manipur.

What is the Petrol Price in Manipur Today?

State
Petrol Price Today (₹)
Meghalaya
93.89

What Factors Determine the Petrol Rates in Manipur?

Manipur petrol rate is influenced by a number of factors. The primary determinant for calculating the petrol rate in Manipur is the global crude oil price. This crude oil is imported from the international markets in US dollars (USD). As a result, any increase or decrease in the foreign exchange rate affects the petrol prices decided by oil marketing companies (OMCs). These OMCs further add import costs, freight charges, refinery cost, and their margin to the petrol price. Finally, the retailer adds their own commission, following which, it attracts the central excise duty and state-levied VAT. All these factors need to be considered in order to calculate the current Manipur petrol price.

 

Thus, a number of variables determine the final petrol cost in the State. Any slight change in any one of these determinants could increase or decrease petrol prices in Manipur. However, you can now ensure that your travel plans aren’t hampered by these changing petrol costs. With the right credit card, you can enjoy petrol surcharge waivers at several partner petrol pumps in the country. Visit Finserv MARKETS today and choose from a number of credit card options offering amazing travel benefits.

How Often are the Petrol Rates in Manipur Revised?

According to the dynamic fuel pricing policy implemented since 2017, the petrol and diesel rates are revised daily at 06 AM. You can check Manipur petrol price today by visiting the different oil companies’ apps/websites or by visiting the nearest petrol pump.

What is the Impact of GST on Petrol Rates in Manipur?

As per the government norms, petrol and diesel do not fall under the ambit of the Goods and Services Tax (GST). Therefore, GST does not hold any influence on determining the Manipur petrol rate.

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Frequently Asked Questions

  • ✔️What is the petrol price in Manipur?

    The petrol price in Manipur today (September 30, 2021) is ₹100.29 per litre.

  • ✔️Who decides the petrol price in Manipur?

    As per the dynamic fuel pricing policy, the petrol price in Manipur is updated daily. The calculation is done by adding several variable determinants. The primary factors influencing petrol cost are the international crude oil price and USD-INR exchange rate for the day. Next comes the charges added by OMCs. These charges include refinery costs, freight charges, margin, etc. The dealer adds their commission and a central excise duty is also added to petrol prices across India. Lastly, a state-levied Value Added Tax (VAT) is applied on the final petrol price.

  • ✔️How is the petrol price calculated in Manipur?

    Global crude oil prices and the USD-INR exchange rate play an important role in determining the petrol prices in the country. Next come the OMC charges that include import costs, refinery charges, and freight expenses, followed by the commission charged by the retailer. A central excise duty is also added to all petroleum products. Lastly, the state government decides on the percentage of value-added tax (VAT) applicable on the final petrol price in Manipur. Thus, the final petrol price in Manipur can be calculated by adding all these variables.