Thursday Dec 1, 2022
Thursday Dec 1, 2022

Fuel price increases in new list sent by IOC


Nepalnews
2022 Jun 17, 6:55, Kathmandu
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The price of fuel has increased in the latest revised price list sent by the Indian Oil Corporation (IOC) to the Nepal Oil Corporation (NOC).

As per the new price list, price of petrol, diesel, and aviation fuel has increased by Rs 6.52, Rs 19.3 and Rs 91.91 per liter respectively.

At present, in Nepal, petrol is bought for Rs 178 per liter while diesel and kerosene are priced at Rs 165. Similarly, aviation fuel is being traded at Rs 166 and USD 1.54 per liter (domestic and international respectively). LP gas is bought for Rs 1,800 per filled cylinder.

After adjustment of the new price list sent by IOC, petrol, diesel, and kerosene will cost Rs 209.28, Rs 202.16 and Rs 147.99 per liter respectively with tax inclusion.

Similarly, price of aviation fuel will reach Rs 168.70 (domestic) and Rs 147.89 (international) while LP gas price Rs 2,551.15 per filled cylinder.

Accordingly, Nepal incurs Rs 31.28 per liter in petrol, Rs 37.16 in diesel, Rs 2.70 in aviation fuel (domestic) and Rs 751.14 in LP gas.

The NOC is projected to incur around Rs 4.71 billion from the total losses fortnightly (Rs 950 million loss in petrol, Rs 2.9 billion in diesel, Rs 6.6 million in aviation fuel (domestic) and Rs 1.1 billion in LP gas), said the NOC Spokesperson Binit Mani Upadhyay.

However, it has got profits in aviation fuel (international) and kerosene. There is a profit of Rs 17.1 per liter in kerosene and Rs 44.63 in aviation fuel (international). 

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price of fuel Indian Oil Corporation Nepal Oil Corporation aviation fuel Binit Mani Upadhyay
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