The Nepal Oil Corporation (NOC) has hiked the prices of petroleum products. The revised rates will come into effect from Wednesday midnight.

The state-owned monopoly has decided to increase Re1 per litre in petrol and Rs2 per litre in diesel and kerosene.

After the latest revision, petrol will cost Rs103 per litre while the prices of diesel and kerosene will cost Rs81 per litre each, the NOC said, adding that the prices have been adjusted following the rise in fuel prices in the international market.