Birat Petroleum cuts petrol price to Rs. 99 a ltr

Kathmandu March 14- Birat Petroleum has slashed the price of its petrol to Rs99 per litre from Rs130, in line with the price maintained by Nepal Oil Corporation (NOC). According to Tripureshwor-based Jayanti Oil, it started to sell the fuel imported by Birat at Rs99 per litre from Sunday. “In a bilateral meeting held on Saturday, Birat agreed to reduce the price,” said Binod Agrawal, proprietor of the fuel station.

Birat landed in controversy after it started selling the fuel at Rs130 per litre at the time when petroleum imports have improved.Gokul Prasad Dhital, director general of DoSM, confirmed the reduction in the price of the petrol sold by Birat. “We have received a report that Birat has started selling its petrol at Rs99 per litre,” he said.

Parshuram Upreti, at official of Birat Petroleum, however, claimed the company has not given its consent to the pumps to reduce the price. He said the company faces a loss of Rs15-18 per litre even if it sells the petrol at Rs130 per litre. Source: TKP