Nepal hikes fuel prices for third time in a month
Summary
Nepal Oil Corporation has raised petrol and diesel prices by Rs15 per litre, marking the third hike in a month amid rising international fuel prices.
Key Points
- Nepal Oil Corporation increased petrol and diesel prices by Rs15 per litre, effective Friday.
- Petrol will now cost Rs202 per litre, and diesel Rs182 per litre in Kathmandu Valley.
- The hike is due to rising international fuel prices causing significant losses for the corporation.
- The corporation's monthly losses have narrowed but it still incurs substantial losses on fuel and cooking gas.
