Nepal Oil Corporation Reduces Petrol Price; Diesel and Kerosene Unchanged

The Nepal Oil Corporation (NOC) has reduced the price of petrol by Rs. 2 per liter, effective from midnight yesterday.

According to the corporation, the prices of diesel and kerosene remain unchanged.

As per the new rate, the retail price of petrol has been fixed at Rs. 159 per liter in Kathmandu Valley, Pokhara, and Dipayal, Rs. 158 in Surkhet and Dang, and Rs. 156.50 in other parts of the country.

In a statement, NOC said:
“Even though prices from the Indian Oil Corporation (IOC) have increased, the corporation decided not to raise local prices in view of the festive season, to minimize the financial burden on consumers and maintain price stability across the country.”

The corporation further stated that the decision aims to ensure the smooth supply and price stability of petroleum products nationwide during the festival period.