In Nepal, gasoline prices have reached an all-time high.

State-owned petroleum importer Nepali Petroleum Corporation increased petrol prices by 10 paise a litre . A litre of petrol would cost NPR 170, while diesel and kerosene would cost NPR 152 Nepali rupees per litre .

Nepali Petroleum Corporation (NOC), a state-owned petroleum importer, increased the petrol prices in the region by 10 paise a litre after midnight on Saturday, setting a new all-time record in the Himalayan country.A litre of petrol would cost NPR 170, while diesel and kerosene would cost NPR 152 Nepali rupees per litre.The Board of Directors of Nepal Oil Corporation (NOC), led by Commerce Secretary Dr Ganesh Prasad Pandey, met to make the decision.The decision was made at the NOC board of directors meeting held today, according to NOC spokesperson Binit Mani Upadhyaya.

The NOC raised the fuel price to 140 rupees per litre on March 14, 2014, after which fuel prices fell for a number of years due to the global decline in oil prices.