Kathmandu. With the receipt of the new price list from the Indian Oil Corporation (IOC), the loss of the Nepal Oil Corporation is expected to increase further. Based on the price list received from IOC on October 1, the corporation has projected a loss of more than Rs 1.5 billion from fuel sales in 15 days.

Adding the new price sent by the IOC and taxes and other costs incurred within Nepal, the corporation gets Rs 139.18 per liter for petrol, Rs 120.01 for diesel, Rs 93.94 for kerosene, Rs 84.07 for domestic aviation fuel and Rs 84.07 for aviation fuel for external flights. It costs Rs 76.44 and cooking LP gas costs Rs 1,961.88 per cylinder.

The corporation had last adjusted the price of petroleum products on September 25. Accordingly, the price of petrol has been fixed at Rs 130 per liter, diesel and kerosene at Rs 113 per liter, domestic aviation fuel at Rs 86 per liter and cooking gas at Rs 1,450 per cylinder.