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

The NOC has decided to increase Rs5 per litre each in petrol, diesel and kerosene.

As per the new revised rate, the petrol will now cost Rs160 per litre and diesel and kerosene will cost Rs143per litre.

Likewise, the cooking gas will cost Rs1600 per cylinder.

The NOC has also decided to increase the price of aviation fuel for domestic airlines by Rs5 and international carriers by $50 per kilo liter.

Now, the aviation fuel for domestic airlines and foreign companies will cost Rs156per litre and $1.545 per kilo litre.