गृहपृष्ठ ∕ Business ∕ Petro price hike to be withdrawn from midnight today Business Petro price hike to be withdrawn from midnight today KathmanduPati October 01, 2023 File Photo KATHMANDU – The Nepal Oil Corporation (NOC) has said its decision of increasing the price of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 NOC stated through a notice today that the decision to hike the price of petroleum products has been withdrawn to be effective from today in accordance with the directive of the government.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 NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.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 Flood relief funds reach Rs 17.54 billion Landslide suspected as cause of deadly Budhi Gandaki flood CJP leaders released after 24 hours in Delhi police custody Riyadh airport attack kills 12, injures 309 Flood sweeps away six bridges, 10 people missing Flood sweeps away 35 homes in riverside villages Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Lockdown 2.0: What the Government should do this time around Police make a woman public in connection to Gongabu murder case Namrata is Miss Nepal 2020 Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels Now more than ever, support the IT sector “Ranju Darshana: Government has been using superiority approach to handling pandemic”
