Nepal- Another hike in Petrol , Kerosene & Diesel

The state owned Nepal Oil Corporation (NOC) has hiked the price of petroleum product by Rs. 3 per litre. Now, petrol costs Rs. 105 per litre..

Nepal Oil Company has again hiked prices for petroleum products— by one rupee per litre of kerosene and diesel taking their prices up to Rs 76.

 Petrol, earlier, cost Rs. 102 per liter and diesel and kerosene were available at Rs. 75 per liter.

NOC jacked up the price of petroleum products except cooking gas and Aviation Turbine Fuel (ATF) with effect from 11.10.11
This is the third hike in petrol, diesel and kerosene prices this year.


“NOC is still incurring Rs 305.64 loss on a cylinder of cooking gas according to Indian Oil Corporation’s October 1 price list, though it makes profit of Rs 19.55 and 19.60 on a litre of Aviation Turbine Fuel (ATF) — domestic and international — respectively.


The meeting of the management committee of the NOC on Monday came up with the decision to hike the prices of the petroleum products to meet the surging loss of NOC. NOC’s loss will now decrease to Rs. 710 million from Rs. 830 million after the price hike.

Source: http://www.ekantipur.com/2011/10/10/top-story/fuel-prices-hiked-again/341966/
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