NOC hikes fuel prices

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.