Nepal Oil Corporation (NOC) has expressed serious concern over misleading information circulating on social media regarding petroleum product prices.
According to a new price list received from Indian Oil Corporation (IOC), the purchase cost of fuel has increased, while retail selling prices in Nepal remain unchanged, leading to a projected loss of Rs 7.8161 billion within the next 15 days.
As per the updated rates received on March 31, 2026, the purchase cost stands at Rs 221.32 per litre for petrol, Rs 294.99 per litre for diesel, and Rs 2,341.25 per cylinder of cooking LPG gas.
However, in the domestic market, NOC has fixed retail prices at Rs 219 per litre for petrol, Rs 207 per litre for diesel, and Rs 2,010 per cylinder for LPG.
Due to this gap between rising procurement costs and stable selling prices, the corporation is incurring a loss of Rs 2.32 per litre on petrol, Rs 87.99 per litre on diesel, and Rs 36.70 per litre on kerosene. Similarly, it is facing a loss of Rs 331.25 per cylinder of LPG gas. In contrast, aviation fuel (international) is generating a profit of Rs 6.52 per litre.
Based on a bi-weekly sales volume, diesel accounts for the highest projected loss, estimated at Rs 7.2393 billion alone.
Overall, NOC has stated that total losses from petroleum product sales are expected to reach Rs 7.8161 billion over the next 15 days.
Despite ongoing global uncertainties, the corporation has maintained that fuel supply across the country remains smooth and uninterrupted.
In a press statement, NOC spokesperson said that as international petroleum prices begin to decline, adjustments in domestic prices will be made accordingly.
