The Nepal Oil Corporation has increased the price of fuel. A meeting of the NOC board of directors held on Wednesday has increased the price of petrol, diesel and kerosene by Rs 5 per litre with effect from 12 midnight.
Similarly, the price of aviation fuel (domestic) has been increased by Rs 15 per litre and the international price of aviation fuel by 200 USD per kiloliter. The corporation has kept the price of LP gas for cooking unchanged.
Along with the latest price hike, the price of petrol in Kathmandu Valley has reached Rs. 155 per litre while diesel and kerosene will cost Rs. 138 per litre.
Even with the new price hike, the NOC has stated that it will incur a loss of around Rs 4.66 billion in the next 15 days.
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