Nepal Oil Corporation Announces Petroleum Price Hike
On 13 September 2023, in a recent update from Kathmandu, the Nepal Oil Corporation (NOC) has made a significant announcement about the pricing of petroleum products. The board of directors, in their recent meeting, took this pivotal decision, setting off a wave of discussions among consumers.
Key Changes in Petroleum Prices:
- Petrol: The price per liter has seen a hike of 2 rupees.
- Diesel & Kerosene: A notable increase by 6 rupees per liter.
- Cooking Gas: The price soared by 215 rupees per cylinder, making the new price 2110 rupees per cylinder.
- Aviation Fuel: Both for domestic and international usage, the price has been raised by Rs 8 per liter.
Detailed Price Breakdown:
Petrol Prices:
- First Category Locations (Charali, Biratnagar, Janakpur, Amlekhganj, Valbari, Nepalgunj, Dhangadhi, and Birganj depots): Rs 182.5 per liter.
- Second Category (Surkhet and Dang): Rs 184 per liter.
- Major Cities (Kathmandu, Pokhara, and Dipayal): Rs 185 per liter.
Diesel Prices:
- First Class: Rs 176.5 per liter.
- Second Class: Rs 178 per liter.
- Third Class: Rs 179 per liter.
Aviation Fuel Prices:
- Domestic: Rs 144 per liter.
- International: 1.095 US dollars per liter.
It's important to note that these new prices will come into effect post-midnight on the very Saturday the announcement was made. Consumers are advised to take note of these changes and plan their expenses accordingly.
Implications for the Public:
Such a change in prices can have widespread implications for the daily lives of the public. With an increase in petroleum product prices, it could lead to an adjustment in budgets for many households and businesses.
Bottom Line:
Staying informed and making necessary adjustments is key for consumers in the face of these price changes. As the global market dynamics shift, such changes are expected, but being prepared can make the transition smoother.
