Petrol Diesel Price Today for January 16, 2026, has brought major relief to the general public. After weeks of anticipation, the government has announced a reduction in petrol and diesel prices, offering welcome relief to consumers at the start of the New Year.
The price cut is being seen as a New Year gift, as lower fuel costs are expected not only to reduce transportation expenses but also to ease prices of daily essential goods. Here’s a look at the latest petrol and diesel prices.
Petrol Diesel Price Cut: Petrol Becomes Cheaper by ₹4
According to official information, the Nepal Oil Corporation has reduced petrol prices by ₹4 per litre, while diesel prices have been cut by ₹5 per litre.
After the revision:
Petrol price: ₹159 per litre
Diesel price: ₹137 per litre
The revised Petrol Diesel Price came into effect from January 1, 2026.
Petrol Diesel Price Update: Diesel Rates Reduced by ₹5
It is important to note that fuel prices in Nepal are divided into three different categories based on geography, with separate pricing for mountainous and plain regions.
First group: Charli, Biratnagar, Janakpur, Amlekhganj, Bhalbari, Nepalganj, Dhangadhi, Birgunj
Second group: Surkhet and Dang
Third group: Kathmandu, Pokhara, and Dipayal
Prices may vary slightly across these regions depending on transportation and logistics costs.
Petrol Diesel Price Today in Major Cities
As of January 16, 2026, the updated petrol and diesel prices are applicable across major cities under the revised pricing structure announced by the oil corporation.
Why Petrol Diesel Prices Fluctuate
Domestic Petrol Diesel Price levels are directly influenced by international crude oil prices. On January 15, 2026, crude oil prices fell by over 4 percent. On January 16, prices appeared relatively stable, trading between $63.63 and $63.76 per barrel.
Global market trends, supply conditions, and geopolitical developments continue to play a key role in determining fuel prices.
