NOC hikes fuel price by Rs 10 per litre; petrol costs Rs 170 per litre

This undated image shows the storage of Nepal Oil Corporation. Photo courtesy: NOC

KATHMANDU: The Nepal Oil Corporation, a state-owned trading enterprise that imports, stores and distributes petroleum products, has hiked price of petroleum products by Rs 10 per litre.

The new price came into effect from Saturday midnight.

As per the adjusted price, petrol is sold at Rs 170 per litre and diesel and kerosene for Rs 153 per litre each. However, the price of liquefied petroleum gas (LPG) cylinder and aviation fuel has remained unchanged.

As claimed, the NOC has been incurring a loss of Rs 23.2 in petrol per litre, Rs 40.13 in diesel and Rs 1050.8 in each LP gas cylinder, according to a statement issued on Saturday.

It however has a profit of Rs 2.81 in kerosene per litre and Rs 12.64 and Rs 64.69 respectively in domestic and international aviation fuel.

The total loss the NOC has been incurring stood at around Rs 5.1 billion every fortnight.



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