Nepal Oil Corporation Hikes Fuel Prices Again Amid West Asia Conflict

Kathmandu. Nepal Oil Corporation (NOC) has once again increased the prices of petroleum products. In a press release issued on Wednesday, the corporation announced a uniform hike of NPR 15 on petrol, diesel, and kerosene.

The press release mentioned that due to the ongoing war in West Asia for the past month, international market prices for petroleum products have been continuously rising.

The corporation stated that due to this war, it is projected to incur a loss of NPR 5 billion over the next 15 days (from March 16 to March 31). Based on the projection of recent price increases, an additional loss of NPR 15 billion is anticipated in the coming 15 days.

Under the first category, the price of petrol will be set at NPR 184.50 in Charali, Biratnagar, Janakpur, Amlekhganj, Bhalwari, Nepalgunj, Dhangadhi, and Birgunj.

Under the second category, the price will be NPR 186 in Surkhet and Dang, and under the third category, it will be NPR 187 in Kathmandu, Pokhara, and Dipayal.

Due to the adverse situation arising from the sudden price surge in the international market, the corporation has appealed for cooperation from all consumers and stakeholders and requested prudence in the use of petroleum products. The press release also mentioned that prices will be reduced immediately as soon as international market prices decrease.

Previously, the prices of petroleum products had also been increased.