Fuel Prices Nepal - Revision history

Ranisha at 16:11, 15 July 2014

2014-07-15T16:11:44Z

Armin Wagner at 14:50, 15 April 2013

2013-04-15T14:50:44Z

Armin Wagner at 10:53, 26 March 2013

2013-03-26T10:53:10Z

Armin Wagner at 10:52, 26 March 2013

2013-03-26T10:52:33Z

Armin Wagner at 12:38, 22 February 2013

2013-02-22T12:38:34Z

Tai Becker at 14:46, 11 December 2012

2012-12-11T14:46:33Z

Tai Becker at 14:45, 11 December 2012

2012-12-11T14:45:03Z

Tai Becker at 14:44, 11 December 2012

2012-12-11T14:44:05Z

Tai Becker at 14:43, 11 December 2012

2012-12-11T14:43:25Z

Tai Becker at 14:42, 11 December 2012

2012-12-11T14:42:27Z

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Nepal
@@ Line 24: / Line 25: @@
 |Fuel Transparency Price Composition=3
 |Fuel Transparency Pricing Mechanism=3
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=sellingprice
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=previoussellingprice
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Price Composition
 |Fuel Price Factsheet Source Link=http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss
 |Fuel Price Factsheet Source Annotation=In Hindi language only
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.nepaloil.com.np
 }}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Nepal
-|Fuel Pricing Policies="Pricing policy: Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 (US$0.02)/liter, and a pollution charge of Rs 0.5/liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In early 2011, following a government decision, NOC began providing subsidized diesel to factories and hotels, offering a discount of Rs 1.80 (US$0.02)/liter. On Feb 12, 2013, NOC raised the price of LPG by 43%, but after meeting with various student unions rolled back the price increase on Feb 24, citing lack of preparation of color-coded cylinders and consumer cards. Retail prices of diesel in Kathmandu and benchmark FOB prices relevant to Nepal since 2007 are shown below. The plot shows that the largest subsidies were provided in 2008. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day.
+|Fuel Pricing Policies="Pricing policy: Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 (US$0.02)/liter, and a pollution charge of Rs 0.5/liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In early 2011, following a government decision, NOC began providing subsidized diesel to factories and hotels, offering a discount of Rs 1.80 (US$0.02)/liter. On Feb 12, 2013, NOC raised the price of LPG by 43%, but after meeting with various student unions rolled back the price increase on Feb 24, citing lack of preparation of color-coded cylinders and consumer cards. Retail prices of diesel in Kathmandu and benchmark FOB prices relevant to Nepal since 2007 are shown below. The plot shows that the largest subsidies were provided in 2008. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day. This discount program has not been implemented.
 Consequences of subsidies: NOC has been reporting large monthly losses, reaching as high as US$18 million in Jan 2012. In recent months, losses have been dominated by underpricing of LPG. In Dec 2012, NOC proposed a new subsidy mechanism for LPG, which would limit price subsidies to households only who would be entitled to one 14.2-kg cylinder a month at the subsidized price, and deliver the subsidy through a post-purchase cash refund. LPG cylinders for households would be colored red, and other cylinders blue, in addition to households receiving red cards and all other consumers blue cards.

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Nepal
-|Fuel Pricing Policies="ricing policy: Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 (US$0.02)/liter, and a pollution charge of Rs 0.5/liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In early 2011, following a government decision, NOC began providing subsidized diesel to factories and hotels, offering a discount of Rs 1.80 (US$0.02)/liter. On Feb 12, 2013, NOC raised the price of LPG by 43%, but after meeting with various student unions rolled back the price increase on Feb 24, citing lack of preparation of color-coded cylinders and consumer cards. Retail prices of diesel in Kathmandu and benchmark FOB prices relevant to Nepal since 2007 are shown below. The plot shows that the largest subsidies were provided in 2008. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day.
+|Fuel Pricing Policies="Pricing policy: Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 (US$0.02)/liter, and a pollution charge of Rs 0.5/liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In early 2011, following a government decision, NOC began providing subsidized diesel to factories and hotels, offering a discount of Rs 1.80 (US$0.02)/liter. On Feb 12, 2013, NOC raised the price of LPG by 43%, but after meeting with various student unions rolled back the price increase on Feb 24, citing lack of preparation of color-coded cylinders and consumer cards. Retail prices of diesel in Kathmandu and benchmark FOB prices relevant to Nepal since 2007 are shown below. The plot shows that the largest subsidies were provided in 2008. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day.
 Consequences of subsidies: NOC has been reporting large monthly losses, reaching as high as US$18 million in Jan 2012. In recent months, losses have been dominated by underpricing of LPG. In Dec 2012, NOC proposed a new subsidy mechanism for LPG, which would limit price subsidies to households only who would be entitled to one 14.2-kg cylinder a month at the subsidized price, and deliver the subsidy through a post-purchase cash refund. LPG cylinders for households would be colored red, and other cylinders blue, in addition to households receiving red cards and all other consumers blue cards.

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Nepal
-|Fuel Pricing Policies="Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 per liter, and a pollution charge of Rs 0.5 per liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day. NOC posts historical fuel prices going back to 1996, current prices at 13 locations, monthly losses for each fuel per liter and in total, and the price structure for each fuel. In 2012, the highest monthly loss occurred in Apr, amounting to US$19 million."
+|Fuel Pricing Policies="ricing policy: Government controls fuel prices and subsidizes diesel and LPG, and at times kerosene. Prices of kerosene and diesel have been equalized since Nov 2008. Kerosene, but not diesel, is exempt from a VAT of 13%, a road maintenance cess of Rs 2 (US$0.02)/liter, and a pollution charge of Rs 0.5/liter. Protests following the fuel price increases on Jan 18, 2012, forced government to reduce prices on Jan 26. To make up for losses, Nepal Oil Corporation (NOC), wholly owned by government, introduced higher diesel prices for bulk and industrial users in Aug 2008 but withdrew dual pricing in Oct 2008. NOC re-introduced dual pricing of diesel in Jan 2012, whereby those consuming more than 4,000 liters a week are charged markedly higher unit prices. In early 2011, following a government decision, NOC began providing subsidized diesel to factories and hotels, offering a discount of Rs 1.80 (US$0.02)/liter. On Feb 12, 2013, NOC raised the price of LPG by 43%, but after meeting with various student unions rolled back the price increase on Feb 24, citing lack of preparation of color-coded cylinders and consumer cards. Retail prices of diesel in Kathmandu and benchmark FOB prices relevant to Nepal since 2007 are shown below. The plot shows that the largest subsidies were provided in 2008. In Sep 2012, government announced that students in state colleges would be entitled to price discounts, over and above the subsidies already provided, on four LPG cylinders a year and 10 liters of kerosene a month. In response, students changed the planned one-day strike to protest against price increases on Sep 2 to half-day.
 (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Nepal
 |Fuel Currency=NPR
 |Fuel Price Exchange Rate=71.31
@@ Line 11: / Line 14: @@
 Source: http://www.nepaloil.com.np/main/?opt1=sellingprice&opt2=profitloss
 |Fuel Matrix Pricing Mechanism=2
 |Fuel Matrix Price Level=3

@@ Line 7: / Line 7: @@
 |Fuel Price Composition Fuel Type=Gasoline 95 Octane
 |Fuel Price Composition Date=2011/05/01
-|Fuel Price Composition Annotation=*"Handling Costs" includes transportation and storage (NPR 1.85), technical maintenance (NPR 0.91), service station costs (NPR 1.06), interest expenses (NPR 1.01) and administrative expenses (NPR 0.5)
+|Fuel Price Composition Annotation=*Handling Costs includes transportation and storage (NPR 1.85), technical maintenance (NPR 0.91), service station costs (NPR 1.06), interest expenses (NPR 1.01) and administrative expenses (NPR 0.5).
 *Details on fuel taxes and duties are missing yet, only the aggregated value shown is available on Netal Oil website; hints welcome!