Here is the latest information about petrol prices in Nagaland today. You can also take a look at the different factors that determine and impact the cost of petrol in Nagaland.
In order to determine the petrol price in Nagaland today, you need to add various determinants influencing the overall fuel cost. This includes any variation in global crude oil prices, Indian rupee (INR) to US dollar (USD) exchange rate, and the demand to supply ratio. Other factors adding to petrol price rates in Nagaland include the charges levied by oil marketing companies (OMCs). These include fees for refining crude oil, OMC margins, dealer commissions, freight/import charges, etc. Petrol dealers then add their own commission to this price. Finally, a central excise duty is added to all petroleum products followed by a state-levied value-added tax (VAT). The VAT charges are different for different states.
Thus, the final petrol price in Nagaland is a sum of all the above, making the commodity quite expensive. However, did you know that you can enjoy a surcharge waiver on fuel purchases with your credit card? Finserv MARKETS offers a host of credit card options to choose from that offer fuel surcharge waiver, among other lucrative travel benefits. Browse through our myriad of options and apply for a credit card, now!
Earlier, petrol prices were updated weekly or every fortnight. However, since 2017, the ‘dynamic fuel pricing system’ is being followed for determining petrol rates. As per this system, the petrol and diesel rates in the country are revised daily. In line with the system, the petrol price in Nagaland is updated daily at 06 am IST.
Petrol and diesel prices are currently exempted from Goods and Services Tax (GST). Thus, GST does not hold any impact on petrol rates in Nagaland.
The petrol price in Nagaland today (September 30, 2021) is ₹99.72 per litre.
Petrol prices in Nagaland depend on a number of variables like global cost of crude oil, fluctuations in the USD-INR exchange rate, OMC costs (refinery cost, freight charges, margin, etc), and dealer commission. A central excise duty is also levied on petrol products. Lastly, a value-added tax (VAT), the amount for which is decided by the state government, is added to the petrol price. Thus, the final petrol price depends on a number of variable factors and is, therefore, updated daily at 06 am IST as per the dynamic fuel pricing system.
The Nagaland petrol prices are updated every day at 06 AM. You can check out this updated Nagaland petrol price on the mobile apps of oil marketing companies. The updated petrol prices are also flashed at various petrol pumps in the region.