Loss of the state-owned Nepal Oil Corporation is likely to go up with the new price list received from the Indian Oil Corporation.

NOC has estimated a possible loss of over Rs 1.5 billion from the sale of fuel in the next 15 days based on the revised price list received on October 1.

With the addition of newly-fixed price, domestic tax rates and other different costs, NOC has to invest Rs 139.18 per litre of petrol, Rs 120.01 per litre diesel, Rs 93.94 per litre of kerosene, Rs 84.07 per litre of air fuel to be used in domestic flights, Rs 76.44 for air fuel used in external flights, and Rs 1,961.88 per LP cooking gas cylinder.

Lately, the NOC had adjusted the price of petroleum products on August 23.

According to the adjusted price, per litre petrol costs Rs 130, diesel and kerosene Rs 113, Rs 86 for fuel used for domestic flights and Rs 1,450 for cooking gas cylinder.

Based on the stipulated price, the NOC has to now bear loss of Rs 9.18 per litre of petrol and Rs 7.01 for diesel, and gain profit of Rs 19.59 for kerosene, Rs 1.93 for domestic air fuel, Rs 15.10 for external air fuel and Rs 511.88 for each Liquefied Petroleum Gas cylinder.

A version of this article appears in the print on October 3, 2021, of The Himalayan Times.