Difference between revisions of "Fuel Prices Nepal"
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|Fuel Price Composition Fuel Type=Gasoline 95 Octane | |Fuel Price Composition Fuel Type=Gasoline 95 Octane | ||
|Fuel Price Composition Date=2011/05/01 | |Fuel Price Composition Date=2011/05/01 | ||
| − | |Fuel Price Composition Annotation=* | + | |Fuel Price Composition Annotation=*Handling Costs includes transportation and storage (NPR 1.85), technical maintenance (NPR 0.91), service station costs (NPR 1.06), interest expenses (NPR 1.01) and administrative expenses (NPR 0.5) |
*Details on fuel taxes and duties are missing yet, only the aggregated value shown is available on Netal Oil website; hints welcome! | *Details on fuel taxes and duties are missing yet, only the aggregated value shown is available on Netal Oil website; hints welcome! | ||
Revision as of 14:43, 11 December 2012
Part of: GIZ International Fuel Price database
Also see: Nepal Energy Situation
Fuel Pricing Policies
| Local Currency: | NPR |
| Exchange Rate: | 71.31
|
| Last Update: |
The state-owned Nepal Oil Corporation (NOC, http://www.nepaloil.com.np) sets fuel prices in Nepal in accordance with the Nepalese Government. Prices differ across the country, reflecting different transportation costs. Prices are changed several times a year, following the import purchase price from India.
As of May 2011, NOC has „losses“ of NPR 9.36 (13,3 US-Cents) for every litre of gasoline sold. These losses are de facto subsidies, as the Nepalese Government supports NOC financially (see →App. A1). E.g., debts had to be paid by NOC to the Indian Oil Company in order to continue to receive fuels in July 2010. Th subsidies for diesel are even higher, being NPR 20.72 (29,44 US-Cents) per litre. Also taxation on diesel is low compared to gasoline (NPR 12.42 and NPR 30.9), resulting in a diesel pump price of NPR 68.5 (gasoline: NPR 97.00) as of May 2011. NOC is obviously trying to make these subsidies („losses“) transparent to the customer, showing that prices would be even higher if not subsidized.
The Nepal Oil website offers further information regarding legal framework, storage facilities and import statistics.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2011/05/01.
- Handling Costs includes transportation and storage (NPR 1.85), technical maintenance (NPR 0.91), service station costs (NPR 1.06), interest expenses (NPR 1.01) and administrative expenses (NPR 0.5)
- Details on fuel taxes and duties are missing yet, only the aggregated value shown is available on Netal Oil website; hints welcome!
Source: http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.nepaloil.com.np |
| Price Composition | http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss (In Hindi language only) |
| Pump prices and margins | http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=sellingprice |
| Pump prices and margins | http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=previoussellingprice |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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