NOC hikes price of petroleum products

KATHMANDU, Jan 20: The Nepal Oil Corporation (NOC) has increased the price of petroleum products. 

Prices of diesel, petrol and kerosene have been increased by Rs 3 per liter while aviation fuel by Rs 5 (domestic) and USD 100 (international). 

According to the new price adjustment list released by the state-owned trading enterprise that will come into operation at Wednesday midnight, diesel and kerosene will be sold for Rs 122 per liter each and petrol for Rs 139. Similarly, aviation fuel (domestic) fetches Rs 106 per liter and USD 995 (international). 

However, the price of cooking gas has remained intact. “Nevertheless, the NOC is incurring losses worth over Rs 1.8 billion every fortnightly despite price increment in petroleum products,” said its spokesperson Binit Mani Upadhyay.