Nepal Oil Corporation (NOC) has increased the cost of petrol, diesel, and kerosene by Rs 3 across Nepal as per the Automatic Pricing Procedure 2023 on Monday, April 15, 2024. The corporation increased the fuel costs after receiving the new price structure from the Indian Oil Corporation (NOC). Find out all the details on fuel prices in Nepal as per the latest NOC notice.
The new petrol and diesel cost is effective from Tuesday morning, 00:01 AM of April 16, 2024.
Latest petrol cost in Nepal | Find Diesel and cooking gas (LPG) price in Nepal
As per the new price structure, the cost of petrol and diesel has increased by Rs 3 per liter in Nepal. So, petrol will cost Rs 178 for a liter in Kathmandu, Pokhara, and Dipayal increasing from Rs 175. In Terai which includes districts such as Biratnagar, Janakpur, Nepalgunj, Dhangadi, Birgunj, etc., petrol will cost Rs 175.5 per liter increasing from the previous Rs 172.5 per liter. Likewise, in Surkhet and Dang (inner Terai), petrol will now cost Rs 177 for 1 liter from its previous cost of Rs 174 per liter.
However, NOC has made no changes in the cost of diesel and kerosene. Having said that, diesel and kerosene will now cost Rs 161 per liter in Kathmandu, Pokhara, and Dipayal. Likewise, they cost Rs 158.5 in Terai and Rs 160 in inner Terai per liter.
NOC increased the price of petrol per liter by Rs 3 all over nepal
In the meantime, cooking gas prices have been kept the same as before. Also called LPG or LP Gas, a single cylinder of LP gas costs Rs 1910. Unlike petrol and diesel/kerosene, LP Gas price is implemented uniformly across Nepal. In its notice, NOC said that LP Gas price increased from IOC and it’s currently bearing a loss of Rs 300 per cylinder. But it maintains that the price has been kept as before considering the public’s interest.
| Region | Petrol cost | Diesel/ kerosene cost | LP Gas (cooking gas) cost |
| Kathmandu, Pokhara | Rs 178 | Rs | Rs 1,910 |
| Terai | Rs 175.50 | Rs | Rs 1,910 |
| Inner Terai | Rs 177 | Rs | Rs 1,910 |
Check out NOC’s new fuel pricing notice:
Automatic Fuel Pricing in Nepal
The government decided to implement an automatic fuel pricing mechanism in Nepal from September 01, 2023. The decision was made to strengthen the public’s trust in NOC and make its operations transparent. This also helps with issues stemming from rising fuel costs. Now, the government will have less say in determining the fuel costs as they will be revised as per NOC’s own price structures.
As per the cost mechanism, NOC will maintain a margin of 2% profit on diesel and 2.5% profit on petrol while fixing the price. However, the corporation has said that it won’t keep a profit on LP Gas which is commonly used for cooking in Nepal.
nepal oil corporation began automatic pricing on fuel from september 01, midnight
Initially, the automatic gas petrol price in Nepal was first implemented on September 29, 2014 however as cross-subsidy was in place, it became ineffective.
Also read: Nepal-India Petroleum Pipeline Project Enters Second Stage
Letting the automatic pricing do the job
Fuel price gets a fair share of attention in Nepal especially when it gets higher. However, after the implementation of automatic pricing, NOC is letting the price be determined as per IOC’s own pricing structure while keeping its margin.
The corporation is also on a profiting trajectory in recent months which is giving it enough confidence to let fuel costs flow as per the automatic mechanism. This is another consecutive time NOC has decreased petrol and diesel costs in Nepal. This should bring delight to the commuters who depend on their fuel-drive vehicles. Have your say on the new fuel price in Nepal in our comment section below.
