The Nepal Oil Corporation has kept the retail selling prices of petroleum products unchanged even after receiving a notification of price increases from the Indian supplier.
Details of Price Hike
On Ashoj 14, the Indian Oil Corporation sent a new price list which shows that the cost of petroleum has gone up significantly. According to the corporation, the purchase price of petrol has increased by Rs 20.44 per liter. Similarly, diesel has gone up by Rs 20.21, kerosene by Rs 15.96, and aviation fuel by Rs 18.66. The cost for a cylinder of LP gas has also increased by Rs 81.32.
Reasons for Keeping Prices Stable
Even though the purchase price has risen, the Nepal Oil Corporation decided to keep the retail price the same starting from 00:01 AM on Ashoj 15. The management committee made this decision keeping in mind the difficult situation caused by floods in the Bhotekoshi area and the upcoming festivals. They want to provide relief to consumers during this time.
Current Fuel Prices in Nepal
The price of fuel depends on the location. For petrol and diesel, the rates are divided into three categories. The first category includes areas like Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi, and Birgunj where the price is Rs 197.50. The second category for Surkhet and Dang has a rate of Rs 199. Finally, the third category, which includes Kathmandu, Pokhara, and Dipayal, has the price set at Rs 200 per liter.
Other Fuel Rates
The price for domestic aviation fuel is fixed at Rs 249 per liter. For international flights, the fuel is sold at 1,697 US dollars per kiloliter in Kathmandu. In Pokhara and Bhairahawa, the price is set at the break-even point. Meanwhile, the retail price for a cylinder of LP gas is 2,060 rupees. Even after holding the prices steady, the corporation expects a loss of about 3 arba 20 crore 38 lakh rupees every fortnight.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
