Sandhya Rai
Kathmandu, Dec 7
Nepal oil corporation (Noc) has hiked petroleum prices for the fifth time this year. Petroleum products, petrol, diesel and kerosene oil are dearer by RS.3 each, while a cylinder of Liquefied Petroleum Gas (LPG) will now cost Rs. 75 more.
Petrol now costs Rs. 88 per liter, diesel Rs. 68.50 per liter, kerosene Rs. 68.50 per liter and LPG Rs.1, 325 per cylinder.
NOC said that a rise in international prices and increased road maintenance and upgrading charges levied on petrol and diesel by the government had forced it to raise the rates. The government recently doubled the road maintenance and upgrading charge on petrol Rs.4 per liter and on diesel Rs.2 per liter. NOC M. D Digambar Jha said that the international price of crude oil was US $ 74 per barrel in July when NOC last revised fuel prices, “the price has risen to US $ 90 in the last five months.”
Similarly, the price of LPG in the international market was US $ 590 per ton in September which soared to US $ 783 in December, Jha added.
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