Nepal Oil Corporation (NOC) reversed a recent petroleum price hike after public outcry and government intervention. Initially, NOC raised prices, including Rs. 2 per liter for petrol and Rs. 6 per liter for diesel and kerosene. LPG saw a Rs. 215 per cylinder increase. Nepal Oil Corporation’s move to implement automatic pricing in the current […]
Nepal Oil Corporation reverses recent petroleum hike Read Post »
Kathmandu, September 2 Even after the revised prices on diesel and kerosene, the Nepal Oil Corporation has claimed it is still facing a loss of Rs 610 million per month. NOC implemented the new price of diesel and kerosene, up by Rs 6 per litre since last night. The new price of diesel and kerosene
NOC claims loss of Rs 610 million per month; hikes 6 rs/liter in Diesel Read Post »
Kathmandu, August 17 Nepal Oil Corporation claimed that it incurred a loss of Rs 50 billion in the financial year 2021/22. It is said to be the biggest loss so far for the NOC. In a press conference held on Tuesday, NOC’s executive director Umesh Prasad Thani said, “Even though the final audit of the
Nepal Oil Corporation claims Rs 50 billion loss in a year Read Post »
Nepal Oil Corporation has raised the prices of fuel effective from today (15th May, 2022). The revised prices are NRS 170 per litre of petrol and NRS 153 per litre of diesel and kerosene. Prices of LPG and aviation fuel remain unchanged. Nepal Oil Corporation has said they are forced to increase the prices considering
Fuel prices increase Read Post »
Globally, oil prices have been rising. The price of a barrel of crude oil, as of Feb 16, 2022, stood at 90-96 dollars in the international market. The value of the USD in comparison to the Nepali rupee stands at Rs. 119.98. As the rupee devalues, the cost of fuel gets more expensive. Apart
Here’s what you need to know about the ongoing hike in petroleum products Read Post »
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