Articles | New Business Age | Leading English Monthly Business Magazine of Nepal

NOC Slashes Prices of Petroleum Products

Apr 04, 2023 0 51 seconds to read

Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday…

NOC Hikes Fuel Prices yet Again

May 23, 2022 0 1 minutes 57 seconds to read

May 23: The Nepal Oil Corporation (NOC) has hiked the prices of petroleum products including petrol, diesel, kerosene, aviation fuel and cooking gas (LPG) effective from today (May…

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<p><span style="font-size:18px">According to the Nepal Oil Corporation (NOC), price of diesel, kerosene and aviation fuel has deceased by Rs 10 per litre each while petrol&#39;s price is lowered by Rs 3 per litre. However, the NOC has kept the price of liquefied petroleum gas (LPG) unchanged.</span></p>

<p><span style="font-size:18px">&nbsp;Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre.&nbsp;<br />
Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre.&nbsp;</span></p>

<p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products.&nbsp;</span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The state-owned NOC increased the prices of petrol, diesel kerosene and aviation turbine fuel (ATF) for domestic flights by Rs 10 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of cooking gas has been increased by Rs 200 per cylinder.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With the revision in price list, petrol will now cost Rs 180 per litre while diesel and kerosene will each cost Rs 163 per litre, Likewise, the price of aviation turbine fuel for domestic flights will cost Rs 166 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It may be noted that the NOC had increased the prices of petrol, diesel and kerosene by Rs 10 per litre on May 14.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This is the 13th time that the NOC has increased the prices of petroleum products in the last 10 months. The prices have been rising steadily since last July when petrol used to cost just Rs 128 per litre. Two years ago, during the first lockdown in May 2020, the price of petrol was Rs 96 per litre.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC has been increasing the prices on the pretext that it has to bear losses if the the prices are not increased. Lately, Russia&#39;s invasion of Ukraine is said to have increased the price of fuel in the international market. </span></span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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<p><span style="font-size:18px">&nbsp;Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre.&nbsp;<br />
Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre.&nbsp;</span></p>

<p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products.&nbsp;</span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The state-owned NOC increased the prices of petrol, diesel kerosene and aviation turbine fuel (ATF) for domestic flights by Rs 10 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of cooking gas has been increased by Rs 200 per cylinder.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With the revision in price list, petrol will now cost Rs 180 per litre while diesel and kerosene will each cost Rs 163 per litre, Likewise, the price of aviation turbine fuel for domestic flights will cost Rs 166 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It may be noted that the NOC had increased the prices of petrol, diesel and kerosene by Rs 10 per litre on May 14.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This is the 13th time that the NOC has increased the prices of petroleum products in the last 10 months. The prices have been rising steadily since last July when petrol used to cost just Rs 128 per litre. Two years ago, during the first lockdown in May 2020, the price of petrol was Rs 96 per litre.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC has been increasing the prices on the pretext that it has to bear losses if the the prices are not increased. Lately, Russia&#39;s invasion of Ukraine is said to have increased the price of fuel in the international market. </span></span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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<p><span style="font-size:18px">&nbsp;Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre.&nbsp;<br />
Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre.&nbsp;</span></p>

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<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The state-owned NOC increased the prices of petrol, diesel kerosene and aviation turbine fuel (ATF) for domestic flights by Rs 10 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of cooking gas has been increased by Rs 200 per cylinder.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With the revision in price list, petrol will now cost Rs 180 per litre while diesel and kerosene will each cost Rs 163 per litre, Likewise, the price of aviation turbine fuel for domestic flights will cost Rs 166 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It may be noted that the NOC had increased the prices of petrol, diesel and kerosene by Rs 10 per litre on May 14.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This is the 13th time that the NOC has increased the prices of petroleum products in the last 10 months. The prices have been rising steadily since last July when petrol used to cost just Rs 128 per litre. Two years ago, during the first lockdown in May 2020, the price of petrol was Rs 96 per litre.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC has been increasing the prices on the pretext that it has to bear losses if the the prices are not increased. Lately, Russia&#39;s invasion of Ukraine is said to have increased the price of fuel in the international market. </span></span></span><br />
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<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The state-owned NOC increased the prices of petrol, diesel kerosene and aviation turbine fuel (ATF) for domestic flights by Rs 10 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of cooking gas has been increased by Rs 200 per cylinder.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With the revision in price list, petrol will now cost Rs 180 per litre while diesel and kerosene will each cost Rs 163 per litre, Likewise, the price of aviation turbine fuel for domestic flights will cost Rs 166 per litre.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It may be noted that the NOC had increased the prices of petrol, diesel and kerosene by Rs 10 per litre on May 14.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This is the 13th time that the NOC has increased the prices of petroleum products in the last 10 months. The prices have been rising steadily since last July when petrol used to cost just Rs 128 per litre. Two years ago, during the first lockdown in May 2020, the price of petrol was Rs 96 per litre.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC has been increasing the prices on the pretext that it has to bear losses if the the prices are not increased. Lately, Russia&#39;s invasion of Ukraine is said to have increased the price of fuel in the international market. </span></span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Currency

Unit

Buy

Sell

U.S. Dollar

121.23

121.83

European Euro

131.65

132.31

UK Pound Sterling

142.47

143.18

Swiss Franc

124.29

124.90

Australian Dollar

71.69

72.05

Canadian Dollar

83.90

84.32

Japanese Yen

10.94

11.00

Chinese Yuan

17.17

17.26

Saudi Arabian Riyal

32.27

32.43

UAE Dirham

33.01

33.17

Malaysian Ringgit

27.36

27.50

South Korean Won

100

9.77

9.82

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00

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