• Monday 19th August 2019

Nepal spends Rs. 216 billion to import fuel

  • Published on: August 15, 2019

  • By Our Reporter
    Nepal spent around Rs. 216.42 billion to import fuel in the fiscal year 2018/19.
    The country had imported fuel worth Rs. 172.88 billion in the fiscal year 2017/18.
    It means, Nepal spent 25.2 per cent more money to import fuel last fiscal year compared to previous fiscal year. And fuel’s share in total import trade reached 15.26 per cent.
    Rise in the prices of petroleum products in the international market is blamed for the increase in expenditure on fuel.
    Petrol import went up by 16 per cent to 566,429 KL worth Rs. 33.6 billion and diesel by 8 per cent to 1,714,133 KL worth Rs. 111.47 billion during the review period.
    Last fiscal year, the country had imported 24,932 KL kerosene worth Rs. 15.93 billion and 200,108 KL aviation turbine fuel worth Rs. 12.8 billion that was 12 per cent higher compared to the previous fiscal year, according to Nepal Oil Corporation.
    The import of aviation turbine has increased slightly by one per cent last fiscal year compared to the previous fiscal year.
    The country imported 429,608 tonnes of Liquefied Petroleum Gas (LPG) worth Rs. 32.92 billion during the last fiscal year which was 16 per cent higher than same period the previous fiscal year.


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