Petrol, diesel and kerosene will now cost Rs 73/litre, Rs 56.86/l and Rs 51/l respectively

LPG cylinder will cost 1100 rupees.

The NOC increased the price of petrol by 6 rupees per litre, diesel by 2 rupees and kerosene by 3 rupees per litre and LP gas by 200 rupees per cylinder.

The NOC said the revision in POL prices would be effective from today midnight.

NOC managing director Digambar Jha described the price hike as “minimum possible hike”. He said the hike was inevitable in view of the continuous loss the NOC has had to cope with.

“The price of oil in the international market has jumped from about USD 63 to USD 83 per barrel in the last 4-5 years and the NOC’s debt has crossed 13 billion rupees by now,” he said. “Despite the increase in the prices, NOC will still be facing a loss of around 60 million rupees a month,” he added.

He claimed that the hike would normalise the supply of petroleum products. “There will be full supply from tomorrow. I am sure there’s won’t be queues in gas stations anymore,” he said.

Great Dashain Blessings from the Joint Govt. to the People.

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