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Nepal Oil Corporation(NOC) Increased Petrol Price

The Nepal Oil Corporation has increased the price of petrol with effect from Sunday midnight (April 1st 2024).

The state-owned monopoly hiked the price of petrol by Rs4 per litre.

Consumers will now have to pay Rs.175 per liter for petrol in Kathmandu, Pokhara and Dipayal.

They must pay Rs. 174 for a liter of petrol in Surkhet and Dang and it will cost Rs172.50 in Charaali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi and Birgunj.

The prices of diesel, kerosene, cooking gas cylinder and aviation turbine fuel have been kept unchanged.

In Nepal, under the automatic fuel price mechanism, the corporation sets prices based on the tariff it receives from its sole supplier, the Indian Oil Corporation.

NOC announced that the price of petrol has increased by Rs 4.76 per liter, while diesel and kerosene prices have decreased by Rs 0.39 per liter, as per the tariff from the IOC.

The price of LP gas has decreased by Rs27.44 per cylinder. However, the board of directors decided not to change the price, citing a loss of Rs296.15 in a cooking gas cylinder.