Petrol Price in Nepal
With the increase in dollar rate this month, Petrol price has been hiked by 5 rupees. This increase will greatly affect on daily life of Nepalese. Few years ago, people used to buy the same petrol on 60 to 70 rupees per liter.
Due to the fluctuation on dollar rate, this time petrol has reached to 130 rupees per liter.
Nepal Oil Corporation (NOC) was established in January 1970 by the Government of Nepal as a state-owned trading company to deal with the import, transportation, storage and distribution of various petroleum products in the country. NOC, headquartered in Kathmandu, has Five Regional Offices and also Branch Offices, Fuel Depots and Aviation Fuel Depots with total storage capacity of 71,622 Kilolitres (KL) and around 600 employees.Nepal is a land locked country bordering three sides by India and the northern part of snow fed Himalayas by Tibet/China. Nepal does not produce any oil and depends totally on imports in the refined form, as it does not have any oil refinery. NOC is the sole organization responsible for the import and distribution of petroleum products through around 1500 Tank Trucks and 1500 retail outlets owned by the private sector around all parts of the country. Current petrol price in Nepal is NRs 109.00/L.