NOC loss plunges to Rs. 557 m

Nepal Oil Corporation (NOC)'s projected losses has declined to Rs. 557.1million from Rs. 753.1 million for the month of October.

According to the latest price list sent by the Indian Oil Corporation (IOC) on October 16, the state oil monopoly's profit in petrol has increased to Rs. 9.16 per litre from the previous Rs. 8.13 per litre while it will make profit of Rs. 5.54 per litre in kerosene, Rs. 17.23 per litre in ATF for domestic airlines and Rs. 21.96 for international purpose.

Similarly, the NOC's loss in diesel has also declined to Rs. 3.93 per litre from the previous Rs 6.68 per litre. nepalnews.com