Business

Nepal Oil Corporation hikes fuel prices

By THT ONLINE

FILE - This undated image shows a fuel station in Kathmandu. Photo: Alex Shrestha/THT

KATHMANDU, FEBRUARY 12

The Nepal Oil Corporation (NOC) has increased the price of petrol, diesel and kerosene by Rs 2, effective from Thursday midnight.

With this increment, petrol is priced at Rs 112 per litre while diesel and kerosene will cost Rs 95 per litre.

According to the state-owned enterprise's spokesperson Binit Mani Upadhyaya, the price adjustment was based on revised rates forwarded by the Indian Oil Corporation yesterday.

The price of cooking gas (LPG) has increased by Rs 25 and a filled cylinder would cost Rs 1,400.

Meanwhile, price of aviation fuel has remained unchanged, according to Upadhyaya.