The Nepal Oil Corporation, a state-owned trading enterprise that imports, stores and distributes petroleum products, has hiked price of petroleum products by Rs 10 per liter. This will come into effect from Saturday midnight.
As per the adjusted price, petrol is sold for Rs 170 per liter and diesel and kerosene for Rs 153 per liter each. However, price of LP gas and aviation fuel has remained unchanged. As claimed, the Corporation has been incurring a loss of Rs 23.2 in petrol per liter, Rs 40.13 in diesel and Rs 1050.8 in each LP gas cylinder, according to a statement issued on Saturday. It however has a profit of Rs 2.81 in kerosene per liter and Rs 12.64 and Rs 64.69 respectively in domestic and international aviation fuel.
The total loss the Corporation has been incurring stood at around Rs 5.1 billion in every fortnight.
(RSS)
