Saturday, February 2, 2019

Nepal Oil Corporation hikes petro-prices

Nepal Oil Corporation (NOC) has hiked the price of petrol, diesel and kerosene by Rs 2 per litre each to be effective from Saturday midnight.
With the revision in fuel price, petrol now costs Rs110 per litre and diesel and kerosene each costs Rs 97 per litre.
With the latest revision, the state-oil monopoly is expected to earn a profit of Rs 1.16 billion in 15 days, as the price in the international market is going down.
The price of aviation fuel and LPG – popularly known as cooking gas – has not been changed, according to the NOC, which has claimed that the fuel price was adjusted as per the new price list sent by Indian Oil Corporation (IOC), the sole supplier of the petroleum products for NOC.

No comments: