A major financial relief is underway for consumers across Nepal as the state-owned Nepal Oil Corporation has announced a substantial reduction in the prices of petroleum products and cooking gas. The fresh pricing structures are scheduled to take effect starting from midnight.
According to the state enterprise, the downward revision slashed the price of petrol by 20 Rupees per liter, while diesel and kerosene prices saw an even sharper decline of 30 Rupees per liter. Households will also feel the benefit, with liquefied petroleum gas (LPG) dropping by 100 Rupees per cylinder.
Under the newly adjusted market rates, retail customers in major urban clusters including Kathmandu, Pokhara, and Dipayal will now purchase petrol at 197 Rupees per liter. Meanwhile, both diesel and kerosene have been standardized at 195 Rupees per liter across these third-tier distribution zones.
Domestic aviation fuel has also undergone a price revision, bringing its new selling price to 229 Rupees per liter. For residential kitchens, the standard 14.2-kilogram cylinder of cooking gas is now officially capped at 2,060 Rupees.
The institutional decision to lower retail rates was driven by a downward trend in international energy markets. This global shift was directly reflected in the latest automated billing cycle received from the Indian Oil Corporation, which serves as the sole supplier to Nepal.
Data provided by the corporation reveals that the import costs from India fell significantly. The purchase price for petrol dropped by 15 Rupees and 9 Paisa per liter, diesel decreased by 29 Rupees and 46 Paisa per liter, and domestic aviation fuel fell by 29 Rupees and 42 Paisa per liter, alongside a parallel drop in cooking gas costs.
This strategic adjustment aligns local retail rates directly with international importing realities, setting a cooperative precedent for how future global market fluctuations will dictate public fuel costs in the coming months.
