Petroleum retail prices kept unchanged ahead of festivals

Nepal Oil Corporation has decided to keep the retail selling price of petroleum products unchanged.

Although it received a new purchase price from Indian Oil Corporation (IOC), the corporation has maintained the existing retail selling price. The price of petroleum products coming from India had fluctuated.

According to the corporation, the decision not to raise prices was made keeping in mind the upcoming festivals and the interests of general consumers.

With this decision, the corporation is expected to incur a loss of 3 billion rupees, Thahakhabar has reported.