NOC Slashes Price of Petrol by Rs 2 Per Liter

The Nepal Oil Corporation (NOC) has announced a reduction in the price of petrol by Rs 2 per liter, effective from Thursday, October 16.

Issuing a statement on Wednesday, the state-owned oil monopoly said that under the revised pricing structure, petrol will now cost Rs 159 per liter in Kathmandu Valley, Pokhara, and Dipayal; Rs 158 in Surkhet and Dang; and Rs 156.50 in Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi, and Birgunj.

The NOC fixes prices of petroleum products based on the price list provided by the Indian Oil Corporation (IOC), its sole supplier. Despite an increase in the prices charged by IOC, NOC stated that it has maintained stability in the retail price to minimize the burden on consumers during the festive season, ensure price stability, and maintain an uninterrupted supply of petroleum products across the country. Prices of diesel and kerosene remain unchanged.

NOC classifies areas within 15 km of its depots in Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi, and Birgunj as the first category; Surkhet and Dang as the second category; and Kathmandu, Pokhara, and Dipayal as the third category and fixes the prices accordingly.