Nepal Oil Corporation Implements Significant Fuel Price Hike
Summary
Nepal Oil Corporation has increased petrol, diesel, kerosene, LP gas, and aviation fuel prices due to rising international petroleum costs influenced by the Middle East conflict.
Key Points
- Nepal Oil Corporation has raised petrol prices by 17 rupees per liter.
- Diesel and kerosene prices have been increased by 25 rupees per liter each.
- LP gas price has risen by 100 rupees per cylinder and domestic aviation fuel by 6 rupees per liter.
- Despite the price hike and government duty exemptions, NOC expects a continuing fortnightly loss of around 10.21 billion rupees.
