NOC not in mood to reduce fuel price despite having profit

Photo Courtesy: Nepal Oil Corporation

Kathmandu: Nepal Oil Corporation (NOC) has again refused adjusting the price of petroleum products.

Even though the new prices are coming from India regularly, the corporation has not adjusted the prices by showing the old losses.

As a result, the consumer has been hit by high prices. Despite the increase in the price of some fuel from India on Sunday, the corporation still has a profit of Rs 390 million in 15 days.

However, due to accumulated losses, the corporation has clarified that there will be no immediate price adjustment.