Nepal Oil Corporation Reduces Fuel Prices

Nepal Oil Corporation (NOC) has decided to reduce the prices of petroleum products. The Corporation's Board of Directors meeting decided to reduce petrol prices by NPR 2 per liter and diesel and kerosene prices by NPR 1 per liter, effective from this morning.

Key Highlights:

New Prices for Petrol and Diesel/Kerosene:

• Petrol:

  • First category areas: NPR 160.50 per liter.

  • Second category areas: NPR 162 per liter.

  • Third category areas: NPR 163 per liter.

• Diesel and Kerosene:

  • First category areas: NPR 151.50 per liter.

  • Second category areas: NPR 153 per liter.

  • Third category areas: NPR 154 per liter.

Aviation Fuel Prices:

• Domestic aviation fuel: NPR 132 per liter.

• International aviation fuel: USD 1,005 per kiloliter.

Classification and Adjustment:

• First Category: Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi, Birgunj.

• Second Category: Surkhet, Dang.

• Third Category: Kathmandu, Pokhara, Dipayal.

Impact and Reason:

• Prices have been adjusted in the local market based on the new purchase rates from the Indian Oil Corporation.

• Although the purchase price of LPG gas has increased by NPR 35.11 per cylinder, the selling price remains unchanged for now.

This price adjustment is expected to provide some relief to consumers, particularly by reducing daily expenses due to the decrease in petroleum product prices.