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NOC increases petroleum product prices

Nepal Oil Corporation/File photo
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KATHMANDU: The Nepal Oil Corporation (NOC) announced an upward revision in the prices of petroleum products following a Board of Directors meeting held on Sunday.

Effective immediately, the price adjustments reflect increases of Rs 2 per liter for petrol and Rs 5 per liter for diesel and kerosene. This decision comes in response to the recent rise in prices by the Indian Oil Corporation, which influences pricing in Nepal.

As a result, in Kathmandu, petrol is now priced at Rs 167 per liter, while diesel stands at Rs 157 per liter. The prices for aviation fuel and LP gas will remain unchanged, according to the corporation’s announcement.

The price adjustments are expected to impact consumers and various sectors, with potential implications for inflation and economic activity.