The price of petroleum products has been increased. The price of petrol has increased by Rs.4 per liter, diesel and kerosene by Rs. 3 per liter and LP gas per cylinder by Rs. 235, according to Nepal Oil Corporation,
NOC has set a new price from midnight yesterday.
Issuing a statement, the NOC has stated that the price of petroleum products has been increased in Nepal due to the increase in prices from Indian Oil Corporation yesterday.
According to the latest price list received from IOC that supplies fuel to Nepal, the price of petrol and diesel have been increased by Rs 3.17 and Rs 2.48 per liter respectively and the price of LP gas has increased by Rs 186.45 per cylinder.
The Nepal Oil Corporation has increased the price of petroleum products including diesel, petrol, and kerosene. The fuel price has been increased by Rs. 3 per liter to take the retail price of diesel and kerosene to Rs 175 per liter and of petrol to Rs. 178 per liter.
The new price will come into effect from today onwards. The price of aviation fuel and LP (cooking) gas remains unchanged, reads a statement issued by the NOC today.
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Nepal Oil Corporation(NOC) has increased the price of petroleum products, to be effective from this midnight.
According to NOC, the price of petrol, diesel and kerosene has increased by Rs 2 per litre. With this, the price per litre of petrol has reached Rs 130. Similarly, diesel and kerosene would be traded at Rs 113 per litre.
Similarly, the price of LP gas has also gone up by Rs 25 per cylinder. With this, the price of LP gas has reached Rs 1,450 per cylinder.
Aviation fuel for domestic consumption has increased by Rs 2 per litre and reached Rs 86 while aviation fuel towards international has been fixed at 770 US dollars per kilolitre by increasing 16 US dollars per kilolitre.
The NOC added that it is still bearing Rs 8.42 per loss per litre of petrol while Rs 2.64 in diesel and Rs 420.75 in per cylinder of LPG even after increasing the price. There is Rs 190 million loss in petrol, Rs 196 million in diesel and Rs 622.2 million in LP gas, shared NOC.
NOC Spokesperson, Binitmani Upadhyay, said that the NOC increased the price of petroleum products after seeing a loss of Rs 1.15 billion in the recent 15 days to the NOC as per the recent price list received from the Indian Oil Corporation.
