Posted by: my man September 22, 2015
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just imagine how much money nepal oil corp is making by selling petrol. petrol in nepal costs almost twice the cost in international market.
when the price per barrel was 100, present price of petrol in nepali market is justifiable. but the barrel price is close to $60 these days. but nepal oil corporation has not reduce price proportionally. this has been going on for a year now (atleast).
it is logical that indian suppliers will want piece of that pie. so (i think), indian oil would want to renegotiate the contract or obstruct the petrol supply to nepal.
when the price per barrel was 100, present price of petrol in nepali market is justifiable. but the barrel price is close to $60 these days. but nepal oil corporation has not reduce price proportionally. this has been going on for a year now (atleast).
it is logical that indian suppliers will want piece of that pie. so (i think), indian oil would want to renegotiate the contract or obstruct the petrol supply to nepal.