The Nepal Oil Corporation has confirmed that retail prices for petroleum products will remain unchanged. This decision stands despite the corporation receiving updated, higher purchase rates from the Indian Oil Corporation.
Officials stated that the board chose to maintain current rates to support consumers during the ongoing festive season. The corporation projects a loss of Rs 3,45,81,00,000 every fortnight while keeping these prices steady.
In Kathmandu, petrol continues to retail at Rs 200 per litre, while diesel and kerosene are also priced at Rs 200 per litre. Domestic aviation fuel remains at Rs 249 per litre, and a 14.2-kg cylinder of LPG is priced at Rs 2,060.
This move prioritizes consumer relief during the holidays despite the significant financial impact on the state-owned entity.
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
