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NOC Hikes Price of Petroleum Products Again

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NOC Hikes Price of Petroleum Products Again
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February 2: Nepal Oil Corporation (NOC) has once again increased the prices of petroleum products. The state-owned oil monopoly has increased the price of diesel, petrol and kerosene effective from February 1 midnight.

As per the revised price list, diesel, petrol and kerosene each will cost Rs 3 more to the customers. The price of diesel and kerosene will now cost Rs 125 per liter each while petrol will cost Rs 142 per liter starting from February 2. However, the price of cooking gas (LPG) remains unchanged, the NOC said.

The NOC said in a statement that the price of LPG has not been changed despite incurring losses.   

 Meanwhile, he NOC has increased the price of aviation turbine fuel (ATF) for domestic  flights by Rs 10 per liter to Rs 116 per liter. The price of ATF for international flights has also been increased by USD 100 per kiloliter to USD 1,095.    

Prior to this, the NOC had increased the prices of petroleum products on January 19.

The NOC has hiked the prices of petroleum products eight times in the last eight months.

During the first lockdown in March 2020, the price of petrol was Rs 96 per litre.

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