Petrol alongside other petroleum oil prices fluctuates a lot in Nepal. Many factors cause this price fluctuation. Let’s look at the latest price of Petrol in Nepal as per Nepal Oil Cooperation.
Now, Petrol price varies between the regions in Nepal. NOC has categorized the regions into three groups and prices of petrol, diesel, and other petroleum items price in Nepal are as follows:
| S.N | Type | Scale | Region 1 | Region 2 | Region 3 |
| 1 | Petrol | 1 Liter | Rs. 167.50 | Rs. 169.00 | Rs. 170.00 |
| 2 | Deiesel | 1 Liter | Rs. 147.50 | Rs. 149.00 | Rs. 150.00 |
| 3 | Aviation Fuel (National) | 1 Liter | Rs. 136.00 | Rs. 136.00 | Rs. 136.00 |
| 4 | Aviation Fule (International) | 1 Liter | $1.035 | $1.035 | $1.035 |
| 5 | LP Gas | 1 Cylinder | Rs. 1,800 | Rs. 1,800 | Aviation Fuel (International) |
Note: Region 1: Charali, Biratnagar, Janakpur, Birgunj, Amlekhgunj, Bhelbari, Nepalgunj, Dhangadi
Region 2: Surkhet, Dang
Region 3: Kathmandu, Pokhara, Dipayel
Contents
Recent History of Petrol Prices in Nepal:
| Date Updated | Price (Per Liter) |
| 2023-07-23 | Rs. 167.50 | Rs. 169.00 | Rs. 170.00 |
| 2023-04-03 | Rs. 175 |
| 2023-02-07 | Rs. 178 |
| 2023-01-09 | Rs. 175 |
| 2022-12-17 | Rs. 178 |
| 2022-09-02 | Rs. 181 |
| 2022-07-05 | Rs. 181 |
| 2022-06-26 | Rs. 179 |
| 2022-06-20 | Rs. 199 |
| 2022-06-10 | Rs. 178 |
| 2022-06-03 | Rs. 170 |
| 2022-05-23 | Rs. 180 |
As you can see from the table above, the price of Petrol has been around NPR 180 for the past few months. During the peak Russia-Ukraine war, the price was hiked up to Rs. 199 per liter. Later on, the price slowly staps to slice down and now it currently retails at Rs. 175 per liter.
Factors Influencing Petrol and Diesel Prices in Nepal
1. Global Crude Oil Prices
The global crude oil market plays a significant role in determining petrol prices in Nepal. As Nepal relies heavily on imported petroleum products, changes in global crude oil prices directly impact the domestic petrol market. Fluctuations in international oil prices, influenced by geopolitical events, supply and demand dynamics, and OPEC decisions, can lead to price variations in the Nepalese petrol market.
2. Exchange Rates
The global crude oil market plays a significant role in determining petrol prices in Nepal. As Nepal relies heavily on imported petroleum products, changes in global crude oil prices directly impact the domestic petrol market. Fluctuations in international oil prices, influenced by geopolitical events, supply and demand dynamics, and OPEC decisions, can lead to price variations in the Nepalese petrol market.
3. Government Policies and Taxes
Government policies and taxes significantly impact petrol prices in Nepal. The government imposes various taxes, including customs duties, excise duties, and value-added taxes (VAT), which contribute to the final retail price of petrol. Changes in tax rates and policies can directly influence petrol prices, making them subject to government regulations and fiscal decisions.
4. Transportation and Distribution Costs
The costs associated with transporting and distributing petrol also influence its retail price. Nepal’s topography, with its challenging terrain and limited infrastructure, poses logistical challenges, increasing transportation and distribution costs. Factors such as fuel transportation expenses, storage costs, and operational overheads along the supply chain contribute to the final price of petrol.
5. Demand and Consumption Patterns
Domestic demand and consumption patterns play a role in determining petrol prices. Higher demand for petrol leads to increased prices, especially during peak seasons or when economic activities surge. Similarly, changes in consumer behavior, such as a shift towards more fuel-efficient vehicles or the adoption of alternative energy sources, can influence the demand for petrol, subsequently impacting its price.
6. Global Market Competition
The presence of competitive forces in the global petroleum market can influence petrol prices in Nepal. As Nepal imports petroleum products from various countries, changes in market dynamics, supply routes, and competition among oil-exporting nations can affect the prices of imported petrol. Price fluctuations in the international market can be transmitted to the domestic market, influencing petrol prices in Nepal.
Conclusion: Petrol Price in Nepal
So, there is no sign of Petrol prices going all the way down to around Rs. 150 Per liter in Nepal. It might get decreased by Rs. 5 or max Rs. 10 per liter in the future. So, I think now we have to think about Electric vehicles. Their maintenance cost and daily expense is way too less than Petrol or Diesel vehicles.
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FAQs
Today, the petrol price in Nepal is up to Rs. 170 per liter.
The Diesel price in Nepal is up to Rs. 150 per liter.
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