Nagaland

Nagaland: Fuel price rise to pinch a hole in many pockets?

Amid the lockdown due to the second wave of COVID-19 in the State of Nagaland, fuel price rise is set to pinch a hole in many pockets

Kohima, May 30 (NEx): Amid the lockdown due to the second wave of COVID-19 in the State of Nagaland, fuel price rise is set to pinch a hole in many pockets, indicating extra burden for the people who are already under financial impact due to the pandemic.

According to Indian Oil Corporation official website on Sunday, Petrol price in Dimapur is Rs 92.71 per litre and Diesel price is Rs 86.99 per litre while in state’s capital, Kohima, Petrol price is Rs 93.66 per litre and Diesel is Rs 87.75 per litre.

Experts opinioned that, fuel price rise could dent your overall budget by not only increasing your spending on fuel but also on essential commodities.

The fuel price hike increases the transportation cost which will lead to cost escalation at both wholesale and retail markets, which will affect the consumers.

It is important to note that the fuel is getting expensive just when people have less money in their pockets due to the pandemic situation and lockdown. This should have been a matter of huge public concern, even outrage and uproar.

However, everything seem so calm here in the State, so far no voice from the opposition political parties or from any organizations for the concerns of the people.

It is also pertinent to note that, Government of Nagaland has reduced tax on diesel, petrol and other motor spirit with effect from February 22, 2021. As the price is going to touch a new record high, one thing is clear, people will have to shell out more money amidst this difficult time, until the government realizes the hardship of the people.