गृहपृष्ठ ∕ Business ∕ Petro price hike to be withdrawn from midnight today Business Petro price hike to be withdrawn from midnight today KathmanduPati October 01, 2023 File Photo KATHMANDU – The Nepal Oil Corporation (NOC) has said its decision of increasing the price of petroleum products would be taken back from midnight today. NOC stated through a notice today that the decision to hike the price of petroleum products has been withdrawn to be effective from today in accordance with the directive of the government. A meeting of the Council of Ministers held today had instructed the NOC to immediately withdraw its decision of increasing the price of petroleum products, taking into consideration the imminent festivals and the interest of the general public. NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal. NOC on Saturday hiked the price of petrol and diesel by rupees six per litre, of kerosene by two rupees per litre and aviation fuel (both domestic and international) by eight rupees per litre. Similarly, the price of LP Gas was increased by Rs 215 per cylinder. The price of LPG had reached 2,110 per cylinder after the hike in price. Write your comments RELATED NEWS Nepal urges preparedness as super El Niño looms Nepal’s RSP expands secretariat, names key officials Nepal finance minister rules out demonetisation plan Nepal PM Balendra Shah heads to Pokhara, Mustang Imran Khan returned to jail after hospital check-up US national debt surpasses $40 trillion, more than doubling in… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 When the State Pulls the Trigger, Who Answers ?2 Before the Ballots: How Oli Lost the Political Narrative3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Nepal “a Buffer State”: Rethinking foreign policy in relative terms6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels The envisioned Defense University and its rationale Suzuki Dzire In a New Premium Avatar Chinese Ambassador Yanqi meets President Bhandari amid deepening political crisis Novak Djokovic disqualified from the US Open for hitting line judge Mini stadium being constructed in Hetauda Dr. Govinda KC begins his 19th Satyagraha from Jumla Nepali migrant workers in South Korea provide support for Gautam Buddha Cricket Stadium
