KATHMANDU: Nepal Oil Corporation has increased the price of diesel and kerosene by Rs 30 per liter. The new rates have come into effect from today morning.
The corporation has kept petrol prices unchanged. However, domestic aviation fuel prices have been raised by Rs 5 per litre.
After the revision, diesel and kerosene prices have reached Rs 234.50 per liter in first category areas, Rs 236 per liter in second category areas, and Rs 237 per liter in third category areas.
Earlier, the prices were Rs 204.50, Rs 206, and Rs 207 per liter respectively.
Domestic aviation fuel now costs Rs 256 per liter, up from Rs 251.
The corporation said the adjustment was necessary due to rising international fuel prices and updated purchase rates from Indian Oil Corporation.
Despite the price hike, NOC is still incurring a loss of over Rs 11 per liter on diesel.
According to the corporation, it recorded a loss of around Rs 7.89 billion in the last 15 days alone. Monthly losses are expected to continue even after the adjustment.
NOC has urged consumers to use petroleum products carefully due to ongoing volatility in global fuel prices.
