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Nepal Oil Corporation (NOC) has increased the price of diesel and kerosene by 3 rupees each beginning from Tuesday.

The board meeting of the corporation held on Monday took the decision to this effect.

According to NOC, the price hikes will help it to mitigate the mounting loss.

As per the new price revision, both diesel and kerosene will from now on cost Rs 58 per liter.

The corporation has said that it had been selling diesel to customers by incurring a loss of Rs 5.50 per liter.

"Even after the new price hike, we will be bearing the loss Rs 2.50 per liter in diesel," said Ramesh Koirala of NOC.

The corporation is said to be preparing a circular about the new prices to send it to all depots at the soonest.

The price of petrol has however remained the same at Rs 77.50 per liter.

The Kathmandu Valley has been reeling under the dearth of specially petrol since the last few days. According to NOC, the state-owned monopoly in supply of petroleum products, the supply has been severely disrupted in eastern Nepal. nepalnews.com

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<< Begin < Prev 1 2 Next > End >> << Begin < Prev 1 2 Next > End >> Madan  - Corrupt NOC - Close it down ASAP   |202.52.237.xxx |2009-11-18 02:41:12 Nepal Oil Corp. is always saying it is running in losses. How can people believe their story? Has their book of account ever been audited? Did they ever publish audited balance sheet or P/L account for public notice? Consumers are always been cheated by NOC and its dealers...by 1, Cheating in price (Higher price then other countries) 2, Cheating by supplying low quality & diluted Petrol (Petrol mixed with kerosene). 3, Cheating in volume from Dealers during with tampered meter. 4, Black marketing 5, Rampant corruption within NOC. Do NOC has any mechanism to control above listed Cheating?? In fact, this corporation is not capable to manage the supply of Petrolium products. because it is the most corrupt organization in Nepal. May be begging & earning bowl for political parties themselves. If Government is serious, it should introduce compeion in this field by allowing private parties to import & supply Petroleum products. aashish  - why don't u give up   |60.240.53.xxx |2009-11-17 20:04:33 why don't u give up and beg someone to run your organisation. whenever i m hearing that u r organisation is selling gasoline on loss it makes me really angry. why u doing this job. may be someone else can sort this properly. quit. we don't want u no more. get a life. dr gangster  - Maobadi is the main reson for loadshedding   |118.94.20.xxx |2009-11-17 13:58:59 It is the result of Political party and human right organization who protest to construct the Arun -3. At this time it would be finished. There was no any resons but the reason was it was the idea of immediate king only. Later years Maobadi didnot allow to build any project. Third region due to Maobadi Marsyandi Project took long time and still it is not being able to run in full fleged condition. The fourth region is Maobadi destructed and blew by bomb some power house in Panauti, Bhojpur, Pachthar and the Salyan. Now they are blaming to king to be a pure party. These political leader are still taking the commission from different agents in the name of multifuel plant. Selling hydropower project to foreigners etc. matrika kc  - feri maobadi fandama   |72.150.11.xxx |2009-11-17 11:33:19 gata barsa maobadi peak loadshedding abadhi bhar satta ma baso,ani alochana khepnu paro, aba feri makune le chhodne belama loadshedding sahit sarkar maobadi lai bujhauna lageko 6. Important thing is that makune didn't do anything do avoid winter loadshedding. uslai k ko matlab, election jitera aako bhapo janta ko matlav hunthyo ta ramesh ngr  - does any of the comment being taken into considera   |220.244.50.xxx |2009-11-17 10:45:50 I am wandering to know abt the few effort we make writing comments here do we consider it Nepalnews.com???? well being a true nepali i am wandering to know do we publish some facts thats sould be taken into consideration as soon as possible??? well at the moment the increasing series of corruption is bringing this situation ahead and likewise the money grabbed from those corruption investigation comittee where does it goes why not we use to surplus that amount as well as is there anyone to catch those leakage in NOC???? shrinepal koirala  - chor gadha bhate   |122.128.96.xxx |2009-11-17 10:20:07 NOC and EOC karmachari are all gadhas and noc eoc ministers are pajis including pm and maobadi.All mother f are khaobadi barahmase chor. civilian supremacy and ratrapati kadam sachchyau.no bijuli,no pani,no petrol nayanepal. sampurna  - Dilemma   |202.70.82.xxx |2009-11-17 08:56:30 The goverment of Nepal has always been in dilemma, whether to give subsidy to the people or generate profit. Again in the name of subsidy, goverment is doing unfair to middle cl people as the reliable means of transportation for most of middle cl people is motorbike. So treat all people equally, if not then set the price as per international market. Aryal Bandhu  - Resign immmediate from the Post   |202.79.40.xxx |2009-11-17 08:02:04 Digambar Jha is a corrupted government employee. Why you increased the price of Diesel and Kerosene. You should control the corruption and leakage. Regards All Pidit Nepali Anonymous   |81.27.249.xxx |2009-11-17 07:03:55 In stead of new stationary ,Tea parties in start hotels ,New brand 4wheel drives ,the honest and government to stay long should think about general public and need to open many small and mid scale industries,factories and mills .So that these Maoist chor can not terrorise people of Nepal. Rakesh Regmi  - price hike   |110.34.4.xxx |2009-11-17 06:44:26 sir Although it became necessary to increase the fuel rates, no one is there in the government to look after the vehicle fare. Hence some one should be permanently deputed to look after so so. Thanks Powered by !JoomlaComment 3.26

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