Fuel prices reach record high in Nepal

A car is being refilled with petrol, in Kathmandu
File: A car is being refilled with petrol, in Kathmandu.

Kathmandu, February 2

The government-run fuel distribution monopoly, Nepal Oil Corporation, has increased fuel prices yet again, making the prices of petrol, diesel and kerosene all-time high.

As per the statement made by the corporation on Tuesday evening, the following changes have been made to the new price:

ProductPrevious priceNew price
PetrolRs 139/litreRs 142/litre
Diesel/KeroseneRs 122/litreRs 125/litre
Aviation fuelRs 106/litre (Domestic)
USD 995/kilolitre (International)
Rs 116/litre (Domestic)
USD 1095/kilolitre (International)

Previous to this, the highest petrol price ever recorded was in March 2014. Likewise, the previous highest diesel price was announced just around a month ago.

The corporation has not increased the price of cooking gas now, but it says it incurs a heavy loss in the sale of petrol, diesel and LP gas.

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