KATHMANDU: Fuel prices have been adjusted, with petrol, diesel, and kerosene becoming cheaper, while LPG and aviation fuel prices have increased.
Effective Friday, Nepal Oil Corporation (NOC) has reduced the price of petrol by Rs 2 per litre and diesel and kerosene by Rs 12 per litre. The move comes amid public criticism over recent sharp hikes in fuel prices.
However, the adjustment also includes increases in other categories. Domestic aviation fuel has been raised by Rs 7 per litre, while international aviation fuel for Kathmandu has increased by USD 46 per kilolitre. Prices for international aviation fuel in Pokhara and Bhairahawa have been set at breakeven levels.
In addition, the price of LPG cooking gas has gone up by Rs 150 per cylinder. Following the revision, petrol is priced at Rs 217 per litre, while diesel and kerosene stand at Rs 225 per litre.
A 14.2-kg LPG cylinder now costs Rs 2,160, and a 7.1-kg cylinder is priced at Rs 1,080. Domestic aviation fuel is fixed at Rs 269 per litre, while international aviation fuel in Kathmandu stands at USD 1,831 per kilolitre.
The Corporation said persistent price increases in the international market, driven partly by ongoing tensions in West Asia, have limited its ability to reduce prices.
The latest adjustment follows a new purchase price list received from Indian Oil Corporation on Thursday and a subsequent board decision.
Despite the revision, the Corporation estimates a loss of Rs 1.81 billion every fortnight under the current pricing structure.
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