गृहपृष्ठ ∕ Business ∕ Petro price hike to be withdrawn from midnight today Business Petro price hike to be withdrawn from midnight today KathmanduPati October 01, 2023 File Photo KATHMANDU – The Nepal Oil Corporation (NOC) has said its decision of increasing the price of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 NOC stated through a notice today that the decision to hike the price of petroleum products has been withdrawn to be effective from today in accordance with the directive of the government.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 NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.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 Media’s role significant in addressing climate change crisis: Minister Sharma Home Minister Lamichhane instructs TIA to prioritise passengers’ interests Laxmi Sunrise Bank Champions Women’s Empowerment through ‘Shikshit Laxmi’ Initiative Efforts underway to end parliament deadlock Price of gold hits Rs 140 thousand per tola Two dead, 13 injured in a jeep accident Top Headlines Nepal, India sign long-term agreement on electricity export, materializing MoU reached during PM’s visit1 NC, Maoist Centre discuss about NA election2 1.3 kilos of gold confiscated from TIA3 Govt. forms former-judge Poudel led probe commission to investigate Balkumari incident4 Dhakal recommended as SC chief registrar5 Manpower agency owner arrested for cheating more than Rs 1.9 million6 President expresses concern over ’emptying’ villages for lack of employment opportunities7 PM Dahal stresses on developing innovative agricultural system8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? The Role of the Nepalese Army in Strategic Road Projects UPAYA CITY CARGO LAUNCHES Version 3.0 Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities National Poet Madhav Prasad Ghimire no more Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Hungry people out on streets, but the government nowhere to be seen