KATHMANDU, April 14: Nepal Oil Corporation (NOC) has stated that it has drawn serious attention toward misleading information spread on social media regarding petroleum product prices.
According to a new price list received from Indian Oil Corporation (IOC), the purchase cost has increased, while selling prices remain lower, leading to a projected loss of Rs 7 billion 816.1 million within the next 15 days.
As per the corporation, based on the new price list received from IOC on March 31, 2026, the purchase cost has reached 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.
NOC’s accumulated loss reaches Rs 31 billion
However, in the current Nepali market, the corporation has set retail selling prices at Rs 219 per litre for petrol, Rs 207 per litre for diesel, and Rs 2,010 per cylinder for gas.
Due to the mismatch between rising purchase costs and unchanged retail prices, the corporation is currently bearing 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, the corporation is facing a loss of Rs 331.25 per cylinder on cooking LPG gas. However, aviation fuel (international) is generating a profit of Rs 6.52 per litre.
Based on bi-weekly (15-day) sales volume, diesel alone accounts for the highest projected loss of Rs 7.2393 billion.
Overall, the corporation has stated that total losses from petroleum product sales are projected to reach Rs 7.8161 billion over the next 15 days.
Despite the complex international situation, the corporation claims it has been maintaining smooth supply management.
In a press statement issued by the corporation’s spokesperson, it said, “As international petroleum prices have started to decline, we would like to inform all concerned that prices will be adjusted accordingly.”
