Breaking News: NOC has announced to decrease the price of diesel by Nrs. 3 and Kerosene by Nrs. 3 per litre effective from today (2079, Poush 25).
The latest data on petrol price in Nepal is updated on 2079 Poush 25.
|Petroleum Product||Quantity||Price in Rupees|
|Petrol price in Nepal||1 litre||175|
|Diesel price in Nepal||1 litre||172|
|Kerosene price in Nepal||1 litre||172|
|LPG Gas price in Nepal||1 Cylinder||1800|
|Aviation price in Nepal||1 litre||170|
To minimize the loss, Nepal Oil Corporation decreased the price of petroleum products by 3 rupees for petrol and 3 rupees for diesel. This increase will greatly reduce the burden on the daily life of Nepalese. A few years ago, people used to buy the same litre of petrol in Nepal for 199 rupees per litre.
Due to the fluctuation in the dollar rate, this time petrol would cost NPR 175 rupees per litre.
Petrol Price trend
NOC decided to decrease the price of diesel and kerosene by Rs. 3 per liter. Diesel and kerosene cost Rs. 172 per liter.
Nepal Oil Corporation has decreased the petrol price by 3 NRS. Now, petrol costs Rs. 175 per liter. Previously petrol used to cost Rs. 181 per liter and diesel and kerosene were available at Rs. 178 per liter.
Fuel price data from 2049 to 2079
The fuel price has rapidly increased from 2049 to 2079. We can see a slight decrease in price from 2072 to 2074. Petrol, diesel, and LPG gas prices increased after 2074.
Petrol Line in Nepal during border lockdown
The average daily petrol supplied these days was only 14.3% of the normal supply rate. But today NOC is distributing 600 KL of petrol today throughout KTM valley and Kavre, which is 100% more supply than on normal days. However, would it meet the demand for petrol for private riders and drivers in Kathmandu? No!
According to the data from DoTM, there are 103,792 registered cars/jeeps and 657,000 motorbikes in the Bagmati Zone. Assuming that 97% of the cars and 90% of the bikes are in KTM and Kavre, a potential number of cars and bikes that would be requiring petrol now would be 100,678 and 591,300 respectively.
But, most pumps were found to provide half of their today’s petrol quota to cars/jeeps and the remaining half to motorbikes and scooters. So the total petrol available today for cars is 300 KL and another 300 KL is for bikes. Given the allocated quota of 15 litres per car and 5 litres per bike, the supplied petrol in total can serve only 20,000 cars and 60,000 bikes! Which is 20% of the available cars and only 10% of the available bikes. So if you are rich and own a car, you have better chances of acquiring petrol today!
Moreover, petrol is to be distributed among 125 petrol pumps, if equally distributed, the average number of bikes needed to be served by a pump today is 4,730! Provided the allocated quantity of petrol, a pump can only serve 300 – 900 bikes today, with an estimated average of 430 bikes served per pump! So you will potentially get petrol if you are within the 300th or 400th queue (depending upon the petrol provided in the pump).
The supplied quantity of petrol is too little today. Even if calculating for 15l and 5l quotas, the total demand for petrol today would be around 1520 KL for cars and 2956 Kl for bikes. But the supplied amount is just 20% for the cars and only 10% for the bikes! Therefore it will be wise to stay at home and enjoy the Ghatastapana!
This calculation is made by Ananda Raj Devkota. It is really a nice calculation made by him. Thank You Ananda Raj Devkota sir for giving a valuable time to calculate.
Today Petrol Price in Nepal
|Fuel Type||Quantity||Price in NRs|
In conclusion, the petrol price in Nepal is unstable. It changes every fifteen days.
The NOC has decreased the price of petrol diesel and kerosene recently. A litre of petrol would cost NPR 175. Importer NOC’s Profit/Loss (Per Litre/Cylinder), current currency exchange rates, and rupee paise rise by Indian Oil Corporation determines the petrol prices. The new pricing is in effect since today morning in all of India. It is the fourth time, the price has been hiked by IOE in the past 45 days. With this fourth price hike, the rate of petrol has already been increased by 5 INR.
- Petrol(MS) will cost Rs 175/L
- Diesel(HSD): NRs 172/L
- Kerosene(SKO): NRs 172/L
- NOC’s Profit/Loss(Per Litre/Cylinder) (as Per IOC’s Rate of 2079-05-16)
LPG Price has not been increased or decreased by NOC.
Frequently Asked Questions
What is petrol price in Nepal today?
The cost of Nepal petrol price today is 175 per litre.
What is the price of 1 litre petrol in Nepal?
The price of 1 litre petrol in Nepal is NPR 175.
Is Nepal buying petrol from India?
Yes, Nepal is buying petrol from Indian Oil Co-operation.
What is the cost of 1 litre diesel?
The cost of 1 litre diesel is NPR 172.
What is the cost of LPG Gas in Nepal?
The latest price for LPG Gas in Nepal is NPR 1800 per cylinder.