NOC hikes price of petroleum products again

KATHMANDU, April 17: The Nepal Oil Corporation (NOC), a state owned trading enterprise that imports, stores and distributes petroleum products in the country, has hiked the price of petroleum products. 

As per the new adjusted price list of petroleum products that will come into effect on Saturday midnight, the price of petrol has increased to Rs 121 per liter against the existing Rs 120. Likewise, the price of diesel and kerosene has been increased by Rs 1 per liter. Price of both diesel and kerosene has reached Rs 104 per liter. Price of aviation fuel on domestic routes has increased to Rs 76 per liter from Rs 74. 

However, the price of cooking gas and aviation fuel on international routes has remained unchanged. The NOC has been incurring a loss of Rs 6.72 per liter on petrol, Rs 44 paisa on diesel and Rs 417.47 per cooking gas cylinder, according to NOC's spokesperson Binitmani Upadhyay. In total, it has been incurring a loss of Rs 810 million on the sale of petroleum products fortnightly.

See NOC's statement below