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Economy

NOC hikes fuel prices

Gorkha Post

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KATHMANDU — Nepal Oil Corporation has jacked up the prices of petrol, diesel, kerosene and aviation turbine fuel with effect from Monday.

The state-owned monopoly has decided to increase Rs 1 per litre in petrol while it has increased diesel and kerosene prices by Rs 2 a litre, respectively. Likewise, price of ATF has been raised by Rs 4.5 a litre.

ALSO READ :  NOC hikes prices of petro products by Rs 2 per litre

Petrol will now cost Rs 111 per litre while diesel and kerosene will cost Rs 95 a litr and ATF will cost Rs 104.5 a litre.

The NOC, however, has not increased the price of Liquefied Petroleum Gas (LPG).

Even with this adjustment, NOC will still incur fortnightly loss of Rs 70 million, as per Birendra Goit, spokesperson for NOC.

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Economy

Sugarcane being exported to India from Mahakali

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BHIMDUTTANAGAR- Sugarcane farmers of Mahakali Municipality in Kanchanpur have started getting relatively better price of their products in the Indian market than in the local market.

ALSO READ :  NOC hikes fuel prices yet again

“Farmers of Dodhara Chandani sell sugarcane in India as its selling price is relatively higher in Indian market”, said Puran Bahadur Chadaro, a local sugarcane entrepreneur.

Sugarcane is being sold out in Indian market at Indian Currency 400 (RS 640) per kg while it is only Rs 400 in Nepali market.

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