Is the Oil Price in Nepal Cheaper Than in India?

In the latest context, there has been a lot of discussion about the price of oil. The price of petroleum products in Nepal including Petrol, Diesel, Kerosene, and LPG gas has skyrocketed recently. We are witnessing an all-time highest oil price in Nepal till date. Just a couple of days ago, the board of directors of state-owned petroleum importer, Nepal Oil Corporation (NOC) decided to increase the price by NPR 10 after which a liter of petrol would cost NPR 180 per liter will be effective from Monday.

The Nepal Oil Corporation on Sunday hiked the prices of all petroleum products, a week after the last increment. Just the week before, the petrol rate was NPR 170 per liter from the last increment. even though it’s been just a week now and NOC has hiked prices again including other petroleum items to the new rate, keeping its highest of all time. With the revised rate, petrol costs Rs180 a liter, diesel Rs163, cooking gas Rs1,800 per cylinder now.