The Nepal Oil Corporation increased the price of petroleum products on Wednesday.
The price of petrol has been hiked by Rs 10 per litre and will now cost Rs 115. 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 Rs 860 million rupees.
The increase in price is expected to end the shortage of petroleum products. More over a month now, people have been lining up for petrol and diesel.
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And, if you are posting at additional places, I would like to follow anything fresh you have to post. Would you list of the complete urls of all your social community pages like your twitter feed, Facebook page or linkedin profile?
Well this is not the first time that Government increased the prices of the fuel and every time it’s for the same consenquence, it will ease the supply. So this Is just the beginning of the Year 2012, more increment in the coming months !