Nepal Oil Corporation hikes fuel prices, yet financial losses persist
Summary
Nepal Oil Corporation has raised diesel, kerosene, and aviation fuel prices by up to 30 rupees per liter amid rising crude oil costs, yet it continues to face losses estimated at 5.75 billion rupees over 15 days.
Key Points
- Nepal Oil Corporation has increased diesel, kerosene, and aviation fuel prices significantly.
- Diesel and kerosene prices rose by 30 rupees per liter across different region categories.
- The price of domestic aviation fuel increased by 5 rupees per liter.
- Despite the price hikes, NOC continues to incur losses due to rising international crude oil costs and increased purchase prices from Indian Oil Corporation.
