In Nepal, the Nepal Oil Corporation has increased the price of petroleum products from today. The price of petrol has been hiked by ten rupees per litre and will now cost Rs 115 per litre.
Prices of Diesel and kerosene have been increased by nine rupees a litre and will now cost Rs. 85 per litre. The price of LPG gas has reached Rs. 1500 from Rs. 1325 per cylinder, a rise of Rs. 175 in one cylinder.
The state owned Corporation said that the price of the petroleum products was revised to meet the surging loss it had been bearing. It said that even after the increase in the price the Corporation will be incurring a loss of eight hundred and sixty million rupees.
