February 11: The government hiked the price of petroleum products as well as cooking gas, effective from Wednesday midnight.

According to Nepal Oil Corporation (NOC), the prices of petrol, diesel and kerosene have been increased by Rs 2 per litre. With the latest price hike, petrol will now cost Rs 112 per litre while diesel and kerosene will cost Rs 95 per litre.

The price of LPG (cooking gas) has been increased to Rs 1400 per cylinder, NOC said in a statement. The NOC has raised Rs 25 per cylinder of LPG.

The price of Aviation Turbine Fuel (ATF) remains unchanged, informed Binit Mani Upadhyay, spokesperson of NOC.

NOC further said that it is still bearing a loss of Rs 5.16 per litre of petrol, Rs3.1 per litre or diesel and Rs 295.83 per cylinder of LPG.