. Nepal Oil Corporation (NOC) has stated that the retail price of petroleum products in the local market is determined on the basis of the international price of petroleum products. Stating that efforts were being made to mislead the general consumers by saying that the price of petroleum products has been higher than the price of crude oil, the corporation said there was no truth in it.
The corporation has said that the analysis of fuel price in Nepal on the basis of the price of crude oil is misleading.TAG_OPEN_div_30 Nepal is compelled to import refined petrol and diesel directly without importing crude oil as it does not have refineries of its own.
“The price of refined petroleum products is naturally higher than that of crude oil, so we should look at the international price of petroleum products, not crude,” said Manoj Thakur, spokesperson of the corporation.TAG_OPEN_div_28
NOC has been importing petroleum products from the Indian Oil Corporation (IOC).TAG_OPEN_div_26 The price of petrol and diesel is revised in every 15÷15 days in Nepal, based on the purchase price of petrol and diesel received from the International Oil Corporation (IOC).
According to the data provided by the corporation, on April 16, 2026, the price of crude oil was $ 99.6 per barrel, petrol $ 139.3 and diesel $ 228.1 per barrel.TAG_OPEN_div_24 The highest price during this period was reached on April 2, 2026, where crude oil reached $ 118.3, petrol $ 262 and diesel $ 334.4 per barrel.
In normal circumstances, the difference between crude oil and petrol is about $ 10 and between crude oil and diesel is about $ 20, but in the latest international situation this difference has increased to about $ 144 and $ 216 respectively.TAG_OPEN_div_22 This has added to the pressure on countries that import refined fuels.
According to the corporation, aspects such as customs, taxes, transportation, insurance, storage and service charges will also have an impact on the final retail price determination.TAG_OPEN_div_20
The NOC had increased the price of diesel÷kerosene by Rs 30 per liter and aviation fuel by Rs 5 per liter from April 17.TAG_OPEN_div_18 The NOC has fixed the price of diesel÷kerosene at Rs 234.50 per litre for the first class, Rs 236 for the second grade and Rs 237 for the third class.
Even after the price hike, the price of diesel is Rs 99.TAG_OPEN_div_16 16 per litre, according to the NOC. Thakur said that due to the daily increase in the price of petroleum products in the international market, there will be a loss of around Rs 5.75 billion in the next 15 days.
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