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The Nepal Oil Corporation (NOC) has increased the fuel prices effective from 12 last midnight. 

The NOC hiked the fuel prices of diesel, kerosene and aviation fuel, while the price of petrol remained unchanged. 

As per the new price list, the price of diesel and kerosene has been increased by Rs 30 per liter and Rs 5 per liter in aviation fuel. 

With this, the price of diesel and kerosene has been fixed at Rs 237 per liter and aviation fuel at Rs 256 in the domestic market, the NOC mentioned in a press statement. 

Despite the latest price adjustment, the NOC stated that it still remains in deficit due to the massive price hike in the international market. 

The Transport Management Office, Nawalparasi (Bardaghat Sustapurba) has collected more than Rs 233 million in revenue during the first nine months of the current fiscal year 2082/83 BS. 

The Chief of Office, Tek Bahadur Nepali, stated that the revenue amount was collected under different headings including vehicle tax, driving license, vehicle registration and others. 

According to Office Chief Nepali, Rs 192.42 million was collected in vehicle tax, Rs 37.49 million in driving license and vehicle registration, Rs 2.32 million from income revenue of the transportation sector and Rs 771,528 was received from other administrative service fees during the first nine months of the current fiscal year.  

Office Chief Nepal claimed that the Office launched a special campaign in the Nepali month of Chaitra to make the tax collection efforts systematic and effective. He said that revenue collection has increased thanks to the prompt and transparent service delivery.

The Office had collected more than Rs 235.4 million in revenue in the last fiscal year 2081/82 BS. 

The Nepal Stock Exchange (NEPSE) surged by 33. 27 points to close at 2, 866. 87 points on Wednesday. 

Similarly, the sensitive index dropped by 5. 22 points to close at 481. 87 points.

A total of 26,438,521-unit shares of 344 companies were traded for Rs 1. 63 billion.

Meanwhile, Ridge Line Energy Limited (RLEL), Suryakunda Hydro Electric Limited (SKHEL), Hotel Forest Inn Limited (HFIN), Sindhu Bikash Bank Ltd (SINDU) and Palpa Cement Industries Limited (PCIL)​​​​​​​​​​​​​​ were the top gainers today with its price surging by 10. 00 percent.

Similarly, Reliance Spinning Mills Limited (RSML) was the top loser as its price fell by 5. 61 points. 

At the end of the day, the total market capitalization stood at Rs 4. 88 trillion.

The price of gold has increased by Rs 2, 900 per tola in the domestic market on Wednesday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 302, 700 per tola today. It was traded at Rs 299, 800  per tola on Tuesday. 

Similarly, the price of silver has increased by Rs 155 and is being traded at Rs 5, 220 per tola today.