KATHMANDU

Nepal Oil Corporation (NOC) has increased the price of petroleum products since last night. The NOC informed that the price of petrol, diesel and kerosene was increased by Rs 2 per litre in the existing retail price. The new retail price of petrol and diesel/kerosene in NOC depot premises of 15-km has been fixed Rs 110 and Rs 93 respectively. 

However, the price of air fuel and LP gas has not changed. Even after the adjustment of price, NOC is incurring the loss of Rs 4.34 per litre in petrol, Rs 2.96 in diesel and Rs 134.72 per cylinder, NOC added. It would now induce the loss of more than Rs 490 million in six months, according to NOC Spokesperson Binit Mani Upadhyay.