Fuel prices hit new highs

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DIMAPUR, JUL 11 (NPN): After a day’s pause, the state-owned oil marketing companies on Saturday increased the prices of petrol and diesel pushing the prices of two auto fuels to new highs across the country.

According to a price notification, petrol price was hiked by 35 paise per litre and diesel by 26 paise per litre. Petrol price has already crossed the Rs.100-per-litre mark in ten districts of Nagaland except Dimapur and Peren districts, where the price is inching closer to breach the century mark.

The hike on Saturday is the 38th increase in the price of petrol since May 4, when OMCs ended a 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

In 38 hikes, the price of petrol has risen by Rs 10.51 per litre. During this period, diesel rates have soared by Rs 9.15 a litre in 36 instances of price rise.

Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges.

Source: http://www.nagalandpost.com/fuel-prices-hit-new-highs/236235.html

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