Revving up with the Latest Fuel Prices in Manipur! ===
Fuel prices are one of the most significant economic indicators that impact everyone’s daily life. In Manipur, fuel prices have been fluctuating for the past few years, and it’s essential to keep up with the latest updates to plan your budget accordingly. In this article, we’ll take a closer look at the fuel prices in Manipur, the reason behind the fluctuations, and how to save money on fuel. So sit back, relax, and let’s dive in!
Fuel prices in Manipur: what’s new?
In Manipur, fuel prices are revised every day by State-run Oil Marketing Companies (OMCs) like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) based on the global oil prices and other factors. The fuel prices in Manipur are relatively higher than other cities due to the state’s geographical location and transportation expenses.
The latest update on petrol prices
As of August 2021, the petrol price in Manipur is around Rs. 101-102 per liter, including state and central taxes. The petrol prices have been increasing steadily over the past few years due to the rise in crude oil prices and the devaluation of the Indian rupee against the US dollar. However, the recent drop in global oil prices has resulted in a slight reduction in petrol prices.
Diesel prices: is it worth the trip?
Diesel prices in Manipur are slightly lower than petrol prices. As of August 2021, the diesel price in Manipur is around Rs. 90-91 per liter, including taxes. Diesel is the preferred fuel for commercial vehicles, trucks, and buses due to its higher mileage and lower cost compared to petrol. However, it’s essential to note that diesel engines emit higher levels of pollutants and particulate matter into the atmosphere, contributing to air pollution.
Why Manipur’s fuel prices keep changing
The fuel prices in Manipur and other cities are subject to daily revisions based on the global crude oil prices, exchange rate fluctuations, taxes, and transportation expenses. The oil prices are influenced by geopolitical tensions, natural disasters, and demand-supply dynamics. Hence, the fuel prices can fluctuate daily or weekly, making it difficult to predict the future prices.
The impact of global oil prices in Manipur
The global oil prices have a significant impact on the fuel prices in Manipur and other cities. The crude oil prices are influenced by various factors like OPEC (Organization of Petroleum Exporting Countries) policies, shale oil production in the US, and global demand. The changes in global oil prices can lead to a direct impact on the fuel prices in Manipur, making it crucial to keep track of global oil trends.
Discover the cheapest petrol stations in town
If you’re looking to save money on fuel, it’s essential to find the cheapest petrol stations in town. Many petrol pumps offer discounts and cashback offers to attract customers. You can also use online fuel price comparison sites or mobile apps to find the cheapest petrol pump in your area.
Diesel or petrol: which one to choose?
Choosing between diesel or petrol depends on your vehicle’s type and usage. If you have a personal car or bike and travel shorter distances, petrol could be a better option due to its higher energy content and lower emissions. If you have a commercial vehicle or travel longer distances, diesel could be a better option due to its higher mileage and lower cost.
How to save money on fuel in Manipur
Saving money on fuel can be a game-changer in your monthly budget. You can save money on fuel by practicing fuel-efficient driving techniques like maintaining lower speeds, avoiding sudden acceleration or braking, and maintaining proper tire pressure. You can also opt for carpooling or using public transportation to reduce your fuel expenses.
The future of fuel prices in Manipur
The future of fuel prices in Manipur is subject to various factors like crude oil prices, taxes, and government policies. With the rising demand for electric vehicles and renewable energy sources, the fuel prices could see a significant impact in the future. However, for the time being, the fuel prices are expected to fluctuate based on the global oil trends.
Meet the key players in Manipur’s fuel industry
The fuel industry in Manipur is dominated by State-run Oil Marketing Companies (OMCs) like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). These OMCs are responsible for setting and revising the fuel prices in Manipur and other cities.
Fuel theft: a growing problem in Manipur
Fuel theft is a growing problem in Manipur and other cities, leading to revenue losses for the Oil Marketing Companies. The fuel theft happens through various means like tampering with the fuel dispenser, adulterating the fuel, or using fake fuel cards. The authorities are taking strict measures to curb fuel theft and impose penalties on the culprits.
The government’s role in regulating fuel prices
The government plays a significant role in regulating the fuel prices in Manipur and other cities. The government imposes various taxes like excise duty, VAT (value-added tax), and cess on the fuel prices to generate revenue. The government also offers subsidies on diesel and LPG (liquefied petroleum gas) to support the farmers and underprivileged sections of the society.
Revving up with the Latest Fuel Prices in Manipur! ===
Keeping up with the latest fuel prices in Manipur is crucial to plan your budget and save money. With the tips mentioned in this article, you can make informed decisions on choosing the right fuel and finding the cheapest petrol pumps. The fuel industry in Manipur is evolving, and the future could see a significant impact due to the rise of electric vehicles and renewable energy sources. So, let’s rev up and gear up for the future of fuel!