NOC to keep petroleum prices unchanged despite price hike by IOC

Published On: March 1, 2024 07:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 1: The Nepal Oil Corporation (NOC) has announced that it has kept the price of petroleum products unchanged, despite an increase in prices by the Indian Oil Corporation (IOC), NOC’s sole supplier of petroleum products. 

According to Manoj Thakur, NOC spokesperson, while the price of petrol has risen by 21 paisa per liter and that of diesel by 85 paisa per liter in India, Nepal has refrained from adjusting its prices accordingly.

Furthermore, the NOC has revealed that the cost of liquefied petroleum (LP) gas for cooking has surged by Rs 22.66 per cylinder. Despite the hike in prices from India, NOC has decided not to increase prices in Nepal, prioritizing consumer interests. 

At present, petrol prices in Nepal range from Rs 169.50 to Rs 172 per liter, while diesel and kerosene are priced between Rs 157.50 and Rs 160 per liter, varying by location. The price of cooking gas stands at Rs 1,910 per cylinder.

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