Nepal Oil Corporation Hikes Fuel Prices Again Amid West Asia Conflict

Kathmandu. Nepal Oil Corporation (NOC) has once again increased the prices of petroleum products. In a press release issued on Wednesday, the corporation announced a uniform hike of NPR 15 on petrol, diesel, and kerosene.The press release mentioned that due to the ongoing war in West Asia for the past month, international market prices for petroleum products have been continuously rising.The corporation stated that due to this war, it is projected to incur a loss of NPR 5 billion over the next 15 days (from March 16 to March 31). Based on the projection of recent price increases, an additional...