Nepal Oil Corporation Hikes Prices of Diesel, Kerosene, and Aviation Fuel
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Kathmandu. The Nepal Oil Corporation (NOC) has increased the prices of petroleum products. The corporation announced that the price hike for diesel, kerosene, and domestic aviation fuel will come into effect starting today.
According to the new price list, the price of diesel and kerosene has been increased by Rs 30 per liter, while aviation fuel has seen an increase of Rs 5 per liter. With the adjusted rates, the price of diesel and kerosene has reached Rs 237 per liter, and aviation fuel is now Rs 256 per liter.
The NOC claims that it continues to face significant losses due to rising prices in the international market and the new price list received from the Indian Oil Corporation. Despite the price adjustment, the corporation reports a loss of Rs 2.32 per liter on petrol, Rs 87.99 per liter on diesel, Rs 36.70 per liter on kerosene, and Rs 331.25 per cylinder on LPG cooking gas.
The statement issued by the corporation mentions that it is facing a fortnightly loss of approximately Rs 7.81 billion.
This specific news has been automatically translated by AI. As a result, there may be some inaccuracies or language errors.
