By raising the price of gas and diesel, the Nepal Oil Corporation has established a new record. The corporation has raised the price of gas and diesel to an all time high over the past decade, according to the data.
Prices of petrol, diesel, and kerosene were raised by Rs 3 per liter on Wednesday, while the price of cooking gas was raised by Rs 75 per cylinder as well.
Check : Petroleum Products Price in Nepal
Fuel prices have increased to Rs 136/liter for Petrol; diesel and kerosene are now Rs 119/liter and cooking LP gas is now Rs 1,575/cylinder. Aviation fuel prices have risen to Rs 101 US per kiloliter for domestic fuel and USD 895 per kiloliter for international fuel, respectively.
Prices of LPG gas is at Rs 1,575 and Rs119 for diesel are still high. Cooking gas prices, according to the company, have reached an all-time high as a result of rising domestic market costs.
Last year, the price of a barrel of oil was $40; today, the international market price is over $80. Even in Nepal, it will have an impact as taxes on petroleum products are currently at an all-time high as a result.
Nepal’s government recently increased fuel taxes in an effort to boost the country’s electricity consumption. Petroleum products are currently subject to a tax of Rs 60 per liter on average, imposed by the government.
| Fiscal Year | Month | Petrol | Diesel | Price Hike (%) | Kerosene | Av. Fuel Domestic | Int. Av. Fuel | LP Gas |
|---|---|---|---|---|---|---|---|---|
| 2070/11/30 | 140.00 | 109 | 9.87 | 109 | 143 | 1400 | 1470 | |
| 2070/71 | Ashar | 134.50 | 105 | 9.04 | 105.50 | 143 | 1400 | 1470 |
| 2071/72 | Ashar | 109.00 | 86.50 | 7.21 | 86.50 | 133 | 1400 | 1470 |
| 2072/73 | Ashar | 99 | 75 | 9.93 | 75.00 | 99 | 881 | 1400 |
| 2072/74 | Ashar | 98 | 74 | 4.45 | 74 | 82 | 750 | 1350 |
| 2074/75 | Ashar | 113 | 95 | 4.15 | 95 | 100 | 1075 | 1375 |
| 2075/76 | Ashar | 108 | 96.50 | 4.94 | 96.50 | 94.50 | 1050 | 1400 |
| 2076/77 | Ashar | 102 | 88 | 6.15 | 88 | 65 | 868 | 1375 |
| 2077/78 | Ashar | 129 | 112 | 4.2 | 112 | 84 | 754 | 1425 |
| 2078/79 | Kartik | 136 | 119 | 119 | 101 | 895 | 1575 |
