NOC projected loss increases to Rs 1.68 billion
The Nepal Oil Corporation (NOC)’s projected loss for the month of September increased to Rs 1.68 billion.
The increase in the loss of the corporation is mainly due to the price increment of the crude oil in the international market and appreciation of the US dollar, said NOC. Previously, the state oil monopoly had estimated the loss of Rs 1.62 billion for this month.
NOC projects the loss or profit following the price list sent by the Indian Oil Corporation (IOC) every fortnightly.
As per the revised rate, the corporation will incur loss of Rs 1.29 per litre in petrol, Rs 15.20 per litre in diesel, and Rs 628.60 per cylinder in LPG.
However, it will make profit of Rs 50.8 per litre in kerosene, Rs 27.51 per litre in aviation fuel for domestic purpose and Rs 21.58 per litre in international purpose.
As per the previous price list, NOC had incured a loss of Rs 628 a cylinder in LPG, Rs 13.90 per litre in diesel, Rs 0.99 paisa per litre in petrol and Rs 523 a cylinder in cooking gas while it had made profit of Rs 2.10 in a liter in kerosene, Rs 21.30 in aviation fuel for domestic purpose and Rs. 21.58 for foreign purpose. nepalnews.com