Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Fuel Price Hike Looms in Nepal Amid Rising International Crude Oil Costs

Guavy AI Editorial Team
Instruments
Oil
Share

Fuel prices in Nepal are likely to increase after the Nepal Oil Corporation (NOC) received revised purchase rates from India's Indian Oil Corporation (IOC).

The latest adjustment involves a significant increase in procurement costs, requiring approval from NOC's board of directors before revised retail prices can be implemented.

NOC usually reviews prices on the 1st and 16th of every month based on updated rates sent by IOC. The new rates were received on Friday, but the board has not met due to weekend public holidays.

According to NOC, management can adjust prices by up to Rs. 2 per liter under the automatic pricing mechanism, but larger changes require board approval.

More on Commodities

Commodities 1m ago

Bullion Market Awaits Economic Data, Interest Rate Clues

Commodities 5m ago

OPEC+ Cartel Hikes Oil Production Amid Global Supply Concerns

Commodities 5m ago

Iran War Costs US Households $1,200 as Gas Prices Soar

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy