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Nepal Raises Petrol Prices by Rs 15 Amidst Escalating West Asia Tensions
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Nepal Hikes Petrol Prices by Rs 15 Amid Escalating West Asia Tensions
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News18
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16-03-2026, 09:30
Nepal Hikes Petrol Prices by Rs 15 Amid Escalating West Asia Tensions
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Nepal Oil Corporation (NOC) increased petrol prices by Rs 15 per litre, and diesel/kerosene by Rs 10 per litre.
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The price hike is due to rising international market rates driven by escalating tensions in West Asia.
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Nepal relies entirely on imported petroleum products, primarily from Indian Oil Corporation.
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Fluctuations in global oil prices directly impact Nepal's domestic fuel costs.
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Economists warn that higher fuel prices could increase transportation costs and inflation.
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