Kathmandu, July 15 -- owned Nepal Oil Corporation has once again revived its nearly half-decade-old dual pricing policy for cooking gas cylinders, separating commercial and household users after several failed attempts that ended in fiascos.
Currently, industrial and commercial users receive a 13 percent VAT refund. They also benefit from the subsidy that is actually meant for the general public on the purchase of liquefied petroleum gas (LPG), commonly known as cooking gas.
Household users, however, are not entitled to the VAT refund.
To sustain the subsidy, the corporation collects additional revenue by levying higher taxes on fuel sold to domestic and international airlines. This cross-subsidisation helps offset losses in cooking ga...
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