November 11: The government has increased the prices of petroleum products in less than two weeks. As per the latest decision, the new prices of petroleum products will come into effect from today (November 11). The state-owned Nepal Oil Corporation (NOC) has hiked the prices of petrol, diesel and kerosene each by Rs 3 per litre. Prior to this, the NOC had increased the prices of petroleum products on midnight of October 29.

A meeting of the board of directors of Nepal Oil Corporation on Wednesday (November 10) once again decided to increase the prices of petrol, diesel, kerosene and aviation fuel as well as of cooking gas with effect from midnight of November 10. The price of cooking LP gas has been increased by Rs 75 per cylinder to Rs 1,575.    
As a result, petrol will now cost Rs 136 per liter while the price of diesel and kerosene has been fixed at Rs 119 per litre. The price of aviation turbine fuel (ATF) for domestic flights has been increased by Rs 5 per litre to Rs 101 per litre. The price of aviation fuel for international flights has reached USD 895 per kilolitre, according to a statement issued by the NOC’s joint-spokesperson Puskar Karki.    
Even after the adjusted price, the NOC will incur a loss of Rs 2.62 billion in 15 days, the statement added.

The chart below shows a timeline of price hike of petroleum products:

Source: NOC