NOC Announces Steep Cuts to Fuel and LPG Prices

Jul 01, 2026 08:43 AM Merolagani



In a major relief to consumers, the Nepal Oil Corporation (NOC) has announced a significant reduction in the prices of petroleum products, including petrol, diesel, kerosene, aviation fuel, and Liquefied Petroleum (LP) gas.

The price adjustments follow a sharp decline in crude oil prices in the international market. The revised rates officially came into effect at 12:01 AM on Wednesday (July 1, 2026).

The NOC has slashed prices across various fuel categories as follows:

Fuel Type Price Reduction
Petrol Reduced by Rs. 20 per liter
Diesel & Kerosene Reduced by Rs. 30 per liter
Aviation Fuel (Domestic) Reduced by Rs. 40 per liter
Cooking Gas (LPG) Reduced by Rs. 100 per cylinder

Prior to this decision, soaring fuel costs had triggered widespread public pressure, with citizens and various sectors demanding relief as rising transportation expenses drove up overall market inflation.

This substantial price cut is anticipated to lower public transportation fares and freight costs, ultimately playing a critical role in cooling down market inflation and easing the cost of living.




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