NOC raises petrol, diesel rates
Summary
Nepal Oil Corporation has raised petrol, diesel, and aviation fuel prices due to increased import costs from India, while absorbing part of the hike to protect consumers.
Key Points
- Nepal Oil Corporation increased retail prices of petrol, diesel, and aviation fuel following a rise in import costs from India.
- Petrol price increased by Rs 3 per litre, diesel and kerosene by Rs 5 per litre, and domestic aviation fuel by Rs 20 per litre.
- International aviation fuel price increased by US$ 131 per kilolitre for flights from Kathmandu.
- NOC is projected to incur monthly losses of around Rs 1.74 billion due to volatility in international petroleum markets.
