Nepal Oil Corporation Hikes Fuel Prices Again Amid West Asia Conflict
Summary
Nepal Oil Corporation has increased petrol, diesel, and kerosene prices due to rising international costs linked to the West Asia conflict, projecting significant financial losses.
Key Points
- Nepal Oil Corporation raised petrol, diesel, and kerosene prices by NPR 15 each.
- The price hike is attributed to the ongoing war in West Asia, causing continuous increases in international petroleum prices.
- NOC projects a loss of NPR 5 billion for mid-March and anticipates an additional NPR 15 billion loss in the next 15 days.
- Petrol prices vary by region, with the highest at NPR 187 in Kathmandu, Pokhara, and Dipayal.
