KATHMANDU: Nepal Oil Corporation (NOC) has increased the retail prices of petroleum products, with the changes taking effect from midnight today.

According to the new pricing structure, the price of petrol per litre has been fixed at Rs 157.50 in first category areas, Rs 159 in second category areas, and Rs 160 in third category areas.

The price adjustment follows the latest fuel rate update received from Indian Oil Corporation (IOC) on June 15.