Nepal Fuel Prices Soar: Petrol, Diesel Hiked for Second Time This Month

• Nepal Oil Corporation (NOC) increased petrol, diesel, and kerosene prices by Rs. 15 per liter, effective March 25.
• The hike is attributed to soaring crude oil prices in the international market and geopolitical tensions in the Middle East.
• NOC estimates a loss of Rs. 5 billion between March 16-31, potentially reaching Rs. 15 billion in the next 15 days if trends continue.
• Petrol prices vary across Nepal: Rs. 184.50 in border towns, Rs. 186 in Surkhet/Dang, and Rs. 187 in Kathmandu/Pokhara.
• India supplies 100% of Nepal's oil needs via Indian Oil Corporation (IOC), with oil accounting for 28% of India's exports to Nepal.