Nepal, Feb. 11 -- The Nepal Oil Corporation (NOC) has mulled a plan to sell cooking gas, known as LPG (liquefied petroleum gas), at different prices for homes and businesses. The idea is simple: hotels, restaurants, and other commercial users would pay the full price while families would pay less since the government would provide them with a discount or subsidy. NOC, the state-owned monopoly, claims that selling LPG to everyone at the same discounted prices has caused significant financial losses to it. NOC loses Rs 322 for each 14.2-kilogram LPG cylinder sold. The real cost to NOC is far greater, as both homes and businesses pay Rs 1,910 per cylinder. As a result, NOC loses over Rs 11 billion annually on LPG subsidies. The new proposal ...
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