17 November, Kathmandu. Even although the worth of petroleum merchandise from India has decreased, Nepal Oil Corporation has mentioned that it’ll not scale back the worth. As the company is presently operating at a lack of Rs 27 billion, the worth won’t be adjusted.
The company issued an announcement on Friday and acknowledged that as a result of fluctuations within the worth of refined petroleum merchandise within the worldwide market, it has been working at a loss for a very long time. According to the acquisition worth acquired from Indian Oil Corporation Limited on December 15, the worth of LP fuel has elevated barely, whereas petrol, diesel, jet gas and kerosene have decreased.
According to the acquisition worth record acquired on November 15, LP fuel has elevated by Rs 43.93 per cylinder. The company is presently incurring a lack of 277.02 rupees per cylinder in LP fuel, the assertion mentioned.
According to the company, it’s seen that the company will incur a lack of Rs 368.5 million in 15 days solely from the sale of fuel cylinders. However, even when the costs of petrol, diesel, jet gas and kerosene are lowered, the company will make a revenue of Rs 580 million in 15 days if they’re stored as they’re.
“Currently, the retail worth of petroleum merchandise has been stored unchanged because the company is dealing with a problem to take care of the availability of petroleum merchandise and to handle the arrears of Indian Oil Corporation Limited and the mortgage supplied to the federal government when the worth of refined merchandise within the worldwide market is within the means of reducing once more,” mentioned the assertion.