header
                        banner
ECONOMY

NOC raises LPG price by Rs 25 per cylinder

KATHMANDU, March 10: The Nepal Oil Corporation (NOC) has increased the price of LPG by Rs 25 per cylinder.
By Dilip Paudel

KATHMANDU, March 10: Nepal Oil Corporation (NOC) has increased the price of liquefied petroleum gas (LPG) by Rs 25 per cylinder


LPG will retail at Rs 1,375 per cylinder from Friday midnight, according to officials of NOC.



Sita Ram Pokharel, the spokesperson for NOC, said that the fresh adjustment in price has been made due to price movement in the international market. "We had to increase price of LPG after our sole supplier -- Indian Oil Corporation (IOC) -- increased price of the popular cooking fuel," he said, adding: "NOC will suffer loss of Rs 291.50 per cylinder even after the fresh adjustment in price."


Related story

LPG price down by Rs 25 per cylinder


As per the new rates forwarded by IOC, NOC would have suffered loss of Rs 313.51 per cylinder, according to Pokharel.


NOC, however, has kept the price of diesel, petrol and kerosene unchanged.



The NOC had earlier increased the price of LPG by Rs 25 per cylinder in February, citing price hike in the international market. 



NOC is logging profits in sale of petrol, kerosene and aviation turbine fuel, while it is suffering loss in diesel and LP gas, according to Pokharel.

Related Stories
ECONOMY

NOC cuts cooking gas price Rs 25 per cylinder

1 min read
ECONOMY

NOC hikes prices of LPG gas cylinder by Rs 200 and...

1 min read
ECONOMY

LPG price down by Rs 25 per cylinder

1 min read
ECONOMY

NOC’s accumulated loss reaches Rs 31 billion

1 min read
ECONOMY

NOC makes profit in LPG after a year, earns Rs 1.6...

1 min read