The Nepal Oil Corporation has increased the price of petrol and diesel.
According to the NOC, the new prices will be effective from 1am on Saturday.
In Nepal, under the automatic fuel price mechanism, the corporation sets the rates based on the tariff it receives from its sole supplier Indian Oil Corporation.
Indian Oil Corporation reviews export prices of petrol and diesel/kerosene every fortnight and of other products such as aviation fuel and LPG on a monthly basis.
According to the NOC, the Indian Oil Corporation, while sending the new tariff to the Nepali utility, increased the rates by Rs1.12 per litre for petrol and Rs2.91 per litre for diesel.
After receiving a new tariff from the IOC, the NOC held a meeting and decided to increase the price of petrol by Rs1 per litre and diesel and kerosene by Rs3 per litre in the Nepali market.
Consumers will now have to pay Rs183 per litre for petrol and Rs173 per litre for diesel and kerosene in Kathmandu, Pokhara and Dipayal. They have to pay Rs182 for petrol and 172 for diesel and kerosene per litre in Surkhet and Dang and it will cost Rs 180.50 for petrol and 170.50 for diesel and kerosene in Charaali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi and Birgunj.