Kathmandu, Jan 22 (UNI) Prices of diesel, kerosene and LPG have been hiked in Nepal by nine to 20 per cent.
Diesel would be costlier by Rs 5 at Rs 61 per litre, Kerosene by Rs 9 at Rs 60 per litre and LPG by Rs 150 at Rs 1250 per cylinder.
The new prices, announced by Nepal Oil Corporation, came into effect last night.
The Corporation said it was incurring a loss of Rs 236 million every month.
''The Corporation still incurred a loss of 54 paisa in per litre of petrol, Rs. 6.08 in diesel and Rs. 230 in LPG,'' state-run The Rising Nepal quoted Corporation spokesperson Ichha Bikram Thapa as saying.
With the latest ''readjustment'' in prices, the Corporation will accrue profits in the sales of kerosene and aviation fuel.
The profit in kerosene stands at Rs 2.55 and Rs. 18.25 in aviation fuel.
The total monthly consumption of petrol and kerosene in the Himalayan nation amounts to 12,000 kl and 35,000 kl respectively, and 11,000 metric tonnes of LPG was consumed.
UNI XC YA AS1406