NOC Raises Retail Prices of Petrol, Diesel and Kerosene by Rs 2 Per Liter 

Petrol will now cost Rs 125 per liter, diesel/kerosene Rs 108 per liter and ATF (domestic) Rs 80 per liter 

  1 min 0 sec to read
NOC Raises Retail Prices of Petrol, Diesel and Kerosene by Rs 2 Per Liter 

June 5 : The Nepal Oil Corporation (NOC) has raised the retail prices of petrol, diesel, kerosene and aviation turbine fuel (for domestic flights) by Rs 2 per liter. 

Issuing a statement on Saturday, the NOC said that it decided to increase the fuel prices based on the working procedure on automated price system that allows the state-owned oil monopoly to revise the price fortnightly by 2 percent automatically based on the changes in the price it pays to its supplier Indian Oil Corporation.  

With the revision of the fuel prices that will come into effect from midnight today, petrol will now cost Rs 125 per liter, diesel and kerosene Rs 108 per liter and ATF Rs 80 per liter in Kathmandu Valley. 

In its statement, the NOC also said that it will have to again raise the fuel prices in the days to come if the current trend of higher crude oil prices in the global market and depreciation of the value of Nepali currency against the US Dollar continues. 

The NOC, however, kept the price of cooking gas (LPG) at Rs 1,400 per cylinder. 


 
 

No comments yet. Be the first one to comment.