Nepal Oil Corporation on Sunday cut prices of petrol, diesel and kerosene, without making any change to the price of liquefied petroleum gas, or cooking gas. A board meeting of NOC held this evening reduced the price of petrol by Rs 2.59 per litre, and the prices of diesel and kerosene by Rs 2.06 each per litre. With this revision, petrol will cost Rs 130.47 per litre, while diesel and kerosene will cost Rs 103.17 per litre respectively. The new prices will come into effect on Monday.
After these price adjustments, NOC’s monthly profit will fall to around Rs 210 million from Rs 476.90 million, according to NOC Spokesperson Mukund Ghimire. After the price revision, NOC will generate profit of Rs 12.16 on the sale of every litre of petrol and Rs 3.83 on the sale of every litre of diesel and kerosene. However, NOC will incur loss of Rs 511.28 on the sale of every cylinder of cooking gas.