KATHMANDU, November 11: The government has hiked the price of fuel with effect from Wednesday midnight. Accordingly, petrol, diesel and kerosene prices have been increased by Rs 3 per litre.
The meeting of the Nepal Oil Corporation Board of Directors held on Wednesday decided to increase the price of petrol, diesel, kerosene and aviation fuel as well as of cooking gas.
The price of cooking LP gas has been increased by Rs 75 per cylinder to Rs 1,575.
With this decision in effect, petrol will now cost Rs 136 per liter while the price of diesel and kerosene climbs to Rs 119 per litre. Price of domestic aviation fuel has been increased by Rs. 5 per litre to make it Rs 101 per litre. The price of aviation fuel for international flights has reached USD 895 per kilolitre, according to a statement issued by the corporation's co-spokesperson Puskar Karki.
Even after the adjusted price, the NOC will incur a loss of Rs 2.62 billion in 15 days, the release said. Prior to this, the price of fuel had been increased on October 29.
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