Nepal Oil Corporation (NOC) has again increased the price of petroleum products in Nepal. The prices of all products including diesel, petrol, kerosene, and aviation fuel have increased in the country.
According to the statement issued by the corporation, the price of petrol, diesel, and kerosene has been increased by Rs, 2/liter while aviation fuel by Rs. 5 per liter.
After the new price hike, the price for the petrol has been fixed at Rs. 116 per liter, and Rs. 99/liter for diesel and kerosene respectively. Likewise, the price of aviation fuel has been increased to Rs. 72 per liter. The price of cooking gas still remains the same.
After the price adjustment, the NOC is still under a loss of 8.42 paisa per liter on petrol, 6.56 paisa per liter on diesel, and 392.82 paisa per cylinder on LP gas. Even now, the corporation has stated that the loss will be around Rs 1.32 billion on a half-monthly basis.
