energyNP.com  
Tel
98510-91900 
Email
energyNP@hotmail.com 
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Booster Pump
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Heat Pump
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  NOC estimates its monthly loss at Rs 4.44 billion due to soaring oil prices in int’l market

Kathmandu: Nepal Oil Corporation (NOC)’s projected loss of the next 15 days hits Rs 2.22 billion at the new price rates that the corporation received recently from the Indian Oil Corporation (IOC), which is NOC’s sole supplier of petroleum products.

According to NOC, the estimated monthly loss worth Rs 4.44 billion will be the record high loss in the history of the state owned oil monopoly. “If an appropriate measure is not taken on time, it will severely affect the supply of petroleum products in the domestic market,” said NOC Spokesperson Binit Mani Upadhyaya.

The NOC’s hefty loss has appeared mainly due to the escalating price of the crude oil in the international market along with the sharp depreciation of Nepali currency against the US dollar. As per media, the price of Brent Crude oil stands at $ 84.86 per barrel on Sunday. Currently, the exchange rate of US dollar is Rs 120.72 per dollar, shows the record of Nepal Rastra Bank.

According to Upadhyaya, in the revised prices, the corporation now faces a loss of Rs 15.01 per liter on petrol, Rs 14.16 per liter on diesel, Rs 4.56 per liter on air turbine fuel (domestic). The loss on cooking gas is Rs 511 per cylinder.

[18 October, 2021 / nagariknetwork.com]   
 
 
Voltage Stabilizer Nepal Kathmandu
 
UPS Nepal Kathmandu
 
Lithium iron battery LiFePO4 Battery Nepal Kathmandu
 
Inverter Hybrid On-grid Off-Grid Energy Storage Solar Inverter Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
GREE Air Conditioner Residential Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Gree Air Purifier Kills Novel Coronavirus Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
Complete Power Solution
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries