Fuel prices hiked four times in a month
Summary
Nepal Oil Corporation has increased fuel prices for petrol, diesel, and LPG for the fourth time this month due to rising international oil prices caused by tensions in West Asia.
Key Points
- Nepal Oil Corporation increased petrol prices by Rs 17 per litre and diesel by Rs 25 per litre in the latest hike.
- This is the fourth fuel price hike within a month, driven by rising international oil prices due to West Asia tensions.
- Despite hikes, the corporation still incurs losses on petrol, diesel, and LPG prices.
- Diesel prices rose by 47.12% since February, and aviation turbine fuel prices increased by over 77%.
- The Corporation faces a fortnightly loss of around Rs 10.21 billion even after tax adjustments.
