Nepal Oil Corporation (NOC), the state-owned monopoly, hiked the prices of petroleum products.

The NOC has decided to increase Rs 3 per litre each in petrol, diesel and kerosene.

As per the new revised rate, the petrol will now cost Rs 131 per litre and diesel and kerosene will cost Rs 112 per litre.

The NOC has also decided to increase the price of aviation fuel for domestic airlines by Rs 5 and international carriers by $100 per kilo liter.

Now, the aviation fuel for domestic airlines and foreign companies will cost Rs 106 per litre and $995 per kilo litre.

The NOC, however, has not increased the price of Liquefied Petroleum Gas (LPG).