Difference between revisions of "Fuel Prices Nepal"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Nepal | |Fuel Price Country=Nepal | ||
| + | |Fuel Pricing Policies="Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 per liter, and a pollution charge of Rs 0.5 per liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day. NOC posts historical fuel prices going back to 1996, current prices at 13 locations, monthly losses for each fuel per liter and in total, and the price structure for each fuel. In 2012, the highest monthly loss occurred in Apr, amounting to US$19 million." | ||
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| + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=NPR | |Fuel Currency=NPR | ||
|Fuel Price Exchange Rate=71.31 | |Fuel Price Exchange Rate=71.31 | ||
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Source: http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss | Source: http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss | ||
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|Fuel Matrix Pricing Mechanism=2 | |Fuel Matrix Pricing Mechanism=2 | ||
|Fuel Matrix Price Level=3 | |Fuel Matrix Price Level=3 | ||
Revision as of 12:38, 22 February 2013
Part of: GIZ International Fuel Price database
Also see: Nepal Energy Situation
Fuel Pricing Policies
| Local Currency: | NPR |
| Exchange Rate: | 71.31
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| Last Update: |
"Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 per liter, and a pollution charge of Rs 0.5 per liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day. NOC posts historical fuel prices going back to 1996, current prices at 13 locations, monthly losses for each fuel per liter and in total, and the price structure for each fuel. In 2012, the highest monthly loss occurred in Apr, amounting to US$19 million."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
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=previoussellingprice |
| Pump prices and margins | http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=sellingprice |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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