Fuel Prices Increased in Nepal: Petrol at Rs 172 and Diesel at Rs 152 per Liter

Kathmandu — Nepal Oil Corporation (NOC) has increased the prices of petroleum products. The new prices came into effect from Sunday night, with petrol rising by Rs 15 per liter and diesel as well as kerosene increasing by Rs 10 per liter.According to the revised price list, petrol now costs Rs 172 per liter, while diesel and kerosene are priced at Rs 152 per liter. Previously, petrol was priced at Rs 157 per liter and diesel at Rs 142 per liter.NOC stated that the price adjustment was made after receiving a new price list from Indian Oil Corporation (IOC), reflecting higher international fuel prices. However, the corporation said it did not fully pass on the increased costs to consumers and instead limited the price hike to reduce the burden on the public.According to NOC, petrol prices from India have increased by Rs 31 per liter, diesel and kerosene by Rs 54 per liter, and LPG by Rs 216 per cylinder. Despite these increases, the corporation has absorbed part of the cost through the Price Stabilization Fund and previous profits, resulting in only a partial adjustment in domestic prices.The corporation attributed the rise in international fuel prices to escalating tensions in West Asia, which have pushed global energy prices upward and consequently affected Nepal.Even after the latest adjustment, NOC estimates it will incur a loss of around Rs 3.93 billion over the next 15 days. The corporation also stated that fuel prices will be reduced immediately if international market prices decline.