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NOC Hikes Price of Petroleum Products   

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NOC Hikes Price of Petroleum Products   
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August 24: Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from August 24.
According to NOC, the prices of petrol, diesel and kerosene have been increased by Rs 2 per litre. With this, the price of petrol has reached Rs 130 per litre. Similarly, diesel and kerosene are being traded at Rs 113 per litre.    
The price of Liquefied Petroleum Gas (LPG) has also gone up by Rs 25 per cylinder. With this, the price of LPG 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 for international flights has been fixed at US$ 770 per kilo litre with an increase of US$ 16 per kilo litre.    
The NOC added that it is still bearing loss of Rs 8.42 per litre in petrol, Rs 2.64 in diesel and Rs 420.75 per cylinder of LPG even after increasing the price.
NOC Spokesperson, Binitmani Upadhyay, said that the NOC increased the price of petroleum products after facing a loss of Rs 1.15 billion in the last 15 days as per the latest price list received from the Indian Oil Corporation. -- RSS   

 

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