Fuel prices hiked in Nepal, dealers free to decide price
The Govt has increased the price of petroleum products by up to 22% and has authorised fuel dealers to decide its retail price.Updated: Feb 18, 2006 14:23 IST
Nepal's royal government has increased the price of petroleum products by up to 22 per cent and has authorised fuel dealers to decide its retail price.
After Friday's hike, kerosene, diesel and petrol will cost Rs 30, Rs 33.75 and Rs 42.50 respectively in Kathmandu valley, the Nepal Oil Corporation (NOC) said.
The prices have been increased to cover the Rs 200 million losses NOC is currently incurring due to the sale of petroleum products.
NOC has authorised the petroleum dealers to fix the retail price with adjustment of transportation cost.
First Published: Feb 18, 2006 14:23 IST