The Nepal Oil Corporation has increased the prices of petrol, diesel, aviation turbine fuel and LP gas.

The corporation hiked the prices effective from midnight on Saturday as per the automatic fuel price mechanism.

The prices of petrol and diesel/kerosene have been increased by Rs2 and Rs6 per litre, respectively, of aviation turbine fuel both for domestic and international carriers by Rs8 per litre and of cooking gas cylinders by Rs215 per cylinder.

With the revised price, a cylinder of LP gas now costs Rs2,110, according to the statement issued by the corporation on Saturday.

Consumers will now have to pay Rs185 per litre for petrol and Rs179 per litre for diesel and kerosene in Kathmandu, Pokhara and Dipayal.

They have to pay Rs184 for petrol and Rs178 for diesel and kerosene per litre in Surkhet and Dang, and it will cost Rs182.50 for petrol and Rs176.50 for diesel and kerosene in Charaali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi and Birgunj.

In Nepal, under the automatic fuel price mechanism, the corporation sets prices based on the tariff it receives from its sole supplier, the 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 monthly.