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NOC decides not to increase the price of petroleum products, loses around Rs 2 billion fortnightly

Artha Sarokar

Kathmandu. The price of petroleum products has remained unchanged. Nepal Oil Corporation (NOC) has decided to keep the price of petroleum products unchanged.

According to the new price list received from the IOC, the price of petrol has increased by Rs 12.40 and diesel by Rs 4.68 paise. However, the corporation has decided to keep the price of petroleum products unchanged in Nepal. The corporation has decided to keep the price of petroleum products unchanged in view of the situation arising out of the Bhotekoshi floods.

At the same time, the price of petrol, diesel and kerosene will remain at Rs 197.50 per liter in the first class, Rs 199 in the second class and Rs 200 per liter in the third class. The price of LP gas has remained unchanged at Rs 2,060 per cylinder.

According to the corporation, the corporation will incur a loss of Rs 1.91 billion annually if the price of electricity is kept stable in the international market.

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