Price Difference Spurs Petroleum Smuggling From Nepal To India
Lower price of petroleum products in Nepal compared to the prices in India has become a headache for Nepal Oil Corporation in areas bordering India, as this has been promoting fuel smuggling from Nepal to India.
Sushil Bhattarai, acting deputy managing director of NOC, said smuggling of petroleum products had been increasing at an alarming rate, which could pose a big challenge for NOC in maintaining effective fuel supply. NOC officials claim that the surging demand for petroleum products in the country in recent times is directly related to the fuel price difference in the border areas. They believe that Indian vehicles and transporters carrying goods to Nepal are increasingly loading their tanks full while returning as both petrol and diesel are cheaper in Nepal.
While petrol and diesel cost Rs 98 per litre and Rs 73 per litre, respectively in Nepal, a litre of petrol costs IRs 73.61 (Rs 117) and diesel IRs 62 (Rs 99) in Bihar. Read More…
Nepal Oil Corporation
Price Difference Spurs Petroleum Smuggling From Nepal To India added by thehimalayantimes.com on December 1, 2017View all posts by thehimalayantimes.com →
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