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Nepal Oil Corporation Hikes the Price of Petrol and Diesel

News 10 Jun 2022 1792 0

Nepal Oil Corporation NOC Banner

Nepal Oil Corporation has increased the price of petrol and diesel by Rs 8 and kerosene by Rs 12. The corporation has increased the price of petrol, diesel, and kerosene saying that the price has been increased by the Indian Oil Corporation.

The corporation, which had earlier adjusted the price of petrol, diesel, and kerosene at Rs 10 per liter on July 6, has now stated that the new price will be Rs 178 per liter for petrol and Rs 165 for diesel and kerosene.

An infrastructure tax of Rs 10 has been levied on petroleum products. The price was reduced after the finance ministry instructed the industry ministry to remove it.

Although the government has increased the prices of petrol, diesel, and kerosene with effect from 12 noon on Thursday, the price of cooking gas is still Rs 1,800. Similarly, the price of aviation fuel (internal) is Rs 166 per liter.

The corporation has increased the price saying that there was a loss even after adjusting the price. According to the corporation, even according to the new price, there will be a loss of around Rs 3.14 billion in the next 15 days.

Petrol has a deficit of Rs 24.79 per liter and diesel Rs 18.01. Similarly, the corporation has claimed a loss of Rs 751.14 on cooking LP gas sold at Rs 1,800 per cylinder. The purchase cost of gas is Rs 2551.15.

The corporation has profit in kerosene and aviation fuel. Kerosene has a profit of Rs 17.01 per liter, aviation fuel Rs 17.34 internally, and Rs 64.55 per liter externally.


Nepal Oil Corporation

Teku, Kathmandu

Estd. 1970