NOC holds petrol price, raises diesel and aviation fuel amid mounting losses
Summary
Nepal Oil Corporation has increased diesel, kerosene, and domestic aviation fuel prices due to international price rises caused by the Middle East conflict, while petrol prices remain unchanged.
Key Points
- Nepal Oil Corporation raised diesel and kerosene prices by Rs 30 per litre and domestic aviation fuel by Rs 5 per litre effective April 16 midnight.
- Petrol prices have not been increased despite the changes in other fuel prices.
- The price adjustments are driven by sustained international price increases linked to the Middle East conflict.
- Even after the price hikes, Nepal Oil Corporation expects to incur significant losses from fuel sales.
- Consumers are urged to use petroleum products cautiously amid global market volatility.
