Nepal Oil Corporation Revises Petroleum Prices from July 15, 2025 — Check the Latest Rates

Introduction

Nepal Oil Corporation (NOC) has once again updated the prices of petroleum products in Nepal. As per the latest press release dated 31 Ashadh 2082 (15 July 2025), NOC has revised the retail selling prices of diesel and petrol based on new purchase rates received from Indian Oil Corporation (IOC). The revised prices came into effect at midnight on July 15, 2025. Here’s a detailed breakdown of the changes, the rationale behind the revision, and what it means for consumers and the transport industry.

Why the Price Revision?

The price revision follows the new invoice from Indian Oil Corporation, received on July 15, 2025, which shows an increase in the per-liter price of petroleum products. The purchase price for petrol has been adjusted to NPR 102.3 per liter and diesel to NPR 120.6 per liter.

In accordance with the recommendation from NOC’s Pricing Committee, a meeting was held on 2082/03/31 to decide on the new pricing strategy. The revised retail prices were implemented from 12:01 AM on July 16, 2025.

Revised Petroleum Prices (Effective July 16, 2025)

According to the press note, here is the new structure for petroleum prices within 15 kilometers of the NOC depots:

S.N Product Type Old Price (NPR/ltr) New Price (NPR/ltr) Price Decrease/Increase (NPR)

1 Petrol NPR 164.02 NPR 165.00 +0.98
2 Diesel/Kerosene NPR 146.02 NPR 146.00 -0.02

Note: These prices apply to the regions within 15 km of depots in Amlekhgunj, Thankot, Biratnagar, Bhalbari, Nepalgunj, Dhangadhi, Surkhet, and Janakpur.

Key Points from the Press Release

Petrol Price: Increased by NPR 0.98 per liter.

Diesel Price: Decreased by NPR 0.02 per liter.

Effective Date: July 16, 2025 (Wednesday) from 12:01 AM.

Basis: Updated purchase prices received from Indian Oil Corporation (IOC).

Decision Authority: Pricing Committee of Nepal Oil Corporation.

Impact on Consumers

This minor revision will have different implications for consumers across Nepal:

Private Vehicle Owners: With the petrol price slightly increasing, running costs for personal transport will go up marginally.

Commercial Transporters: Since diesel prices have marginally decreased, this might provide slight relief to public and goods transport operators.

Daily Commuters: No major change in public transport fare is expected due to the minimal difference in diesel prices.

Why Does Nepal Rely on IOC for Pricing?

Nepal imports 100% of its petroleum products from India, primarily through the Indian Oil Corporation. This means any change in IOC’s pricing directly impacts Nepal’s domestic fuel rates. NOC receives periodic invoices from IOC based on global oil prices, taxes, transportation costs, and exchange rate fluctuations.

NOC’s Pricing Strategy: How It Works

Nepal Oil Corporation uses an automatic pricing mechanism aligned with the international oil market and IOC’s supply costs. The pricing committee reviews these invoices and recommends necessary adjustments to maintain transparency and reduce losses. This approach helps maintain balance between operational sustainability and consumer affordability.

Fuel Price Stability: A National Priority

Although the price adjustments seem minor, fuel prices significantly impact Nepal’s economy, particularly transportation, agriculture, and industry. NOC has made efforts to ensure that the adjustments do not severely affect the general public. The latest price update reflects a balanced decision that accounts for international pricing trends and local economic conditions.

Conclusion

The revised fuel prices announced by Nepal Oil Corporation, effective from July 16, 2025, mark a minimal change—an increase in petrol price and a negligible reduction in diesel rates. While such adjustments are routine in nature, they reflect Nepal’s dependency on global oil markets and the strategic role NOC plays in maintaining a consistent fuel supply throughout the country.

Consumers are encouraged to stay informed through official NOC updates and plan their transportation budgets accordingly. As fuel remains a vital commodity, small changes in prices can accumulate over time, impacting both personal finances and the national economy.

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