The government of Nepal has increased the price of petrol by Rs 15 per litre, citing rising international fuel costs and instability in global oil markets. The decision comes as tensions in West Asia continue to disrupt energy supply chains and push crude oil prices upward worldwide.
According to the state-owned fuel supplier Nepal Oil Corporation (NOC), the price adjustment was necessary to manage the growing cost of importing petroleum products. Nepal relies heavily on imported fuel, mainly from India, making its domestic prices sensitive to changes in the global oil market.
Officials stated that the recent price hike reflects higher procurement costs and transportation expenses linked to the ongoing geopolitical tensions affecting oil-producing regions. Authorities also warned that if international prices continue to rise, further adjustments in fuel prices may be necessary in the coming weeks.
The increase is expected to impact transportation costs and overall market prices across the country, as fuel remains a key component in Nepal’s supply and logistics systems.