NOC projected loss declines to Rs. 739 m thanks to petro price hike

The monthly projected loss of Nepal Oil Corporation (NOC) has declined to Rs. 739.2 million from Rs. 1.17 billion with the revision of price of the petroleum products by the corporation on Sunday evening.

The sole oil-monopoly has increased the price of the petroleum products including petrol by Rs. 5 per litre, diesel and kerosene by Rs. 4 per litre each. Similarly, it has also hiked the price of LPG by Rs. 55 per cylinder and aviation fuel for domestic purpose by Rs. 11 per litre effective from Monday.

With the revision of the price, NOC will make a profit of Rs. 4.23 per litre in petrol while it was incurring loss of Rs. 0.15 per litre in petrol.

Similarly, the oil monopoly loss has also declined to Rs. 9.97 per litre from Rs. 13.49 per litre in diesel and Rs. 363.60 from Rs. 412.28 per cylinder in LPG.

Likewise, NOC profit in kerosene has increased to Rs. 7.71 per litre from Rs. 3.74 per litre, Rs. 19.40 per litre from Rs. 9.69 per litre in the sale of aviation fuel for domestic purpose and Rs. 24.12 per litre from Rs.
21.09 per litre in the international aviation.

The corporation has hiked the price of the petroleum products following the price list sent by Indian Oil Corporation (IOC), its sole Indian supplier, on Saturday. nepalnews.com