Fuel import from Birgunj transit point up by 78 percent

Published On: June 23, 2022 02:06 PM NPT By: Republica  | @RepublicaNepal

BIRGUNJ, June 23:  Fuel import through the Birgunj transit point has increased significantly. The import of petroleum products via this major trade transit point of the country has gone up by 78 percent in the 11 months of the current fiscal year, compared to the corresponding period of last fiscal year, the Birgunj Customs Office said. 

Over 1.41 million kilolitres of petroleum products worth Rs 74.34 billion was imported through this transit point from July 16, 2021 to June 14, 2022 of the fiscal year 2021/22.

More than 2.53 kilolitres of petroleum products worth Rs over 153.36 billion have been imported using the Birgunj transit in the 11 months of the current fiscal year 2022/23.  This is 78.51 percent more than that of 11 months of the previous fiscal year. 

Similarly, the import of LP gas has increased by around 8 percent.  As much as 258,150 metric tonnes of LPG has been imported through Birgunj transit in the last 11 months of the current fiscal year as compared to 239,638 metric tonnes in the corresponding period of the previous fiscal year. The import of LPG during the period this fiscal year is more by 18,500 metric tonnes.

Although the import of diesel, petrol, aviation fuel and LP gas has increased, that of kerosene has decreased by 30 percent, said Sumit Gupta, information officer for the Birgunj Customs Office. 

According to him, approximately 34 percent more revenue than that collected in the first 11 months of last fiscal year has been collected during the corresponding period of the current fiscal year with the increase in the import of petroleum products. Over Rs 54.53 billion in revenue was collected last fiscal year whereas Rs 72.82 billion has been collected from fuel imports this fiscal year. 

Seventy percent of fuel and 85 percent of LPG that is consumed in the country is imported through the Birgunj transit point.


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