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NOC hikes prices of petro products by Rs 2 per litre

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KATHMANDU — Nepal Oil Corporation has hiked the prices of petroleum products by Rs 2 per litre in petrol, diesel, kerosene effective from Wednesday midnight, official at the NOC said.

The state-owned monopoly , however, has not increased the price of Liquefied Petroleum Gas (LPG).

According to the new revised rate, the petrol will cost now Rs 110 per litre and diesel and kerosene will cost Rs 92.

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However, petrol will cost Rs 109.50 in Dang and Pokhara respectively, likewise, petrol will cost Rs 108.50 per litre all over Nepal except in aforementioned locations.

Similarly, diesel and kerosene will each cost Rs 92 per litre within 15-kilometre distance in Kathmandu Valley and Rs 91.50 per litre in Dang and Pokhara respectively.

The price has been hiked as per the revised rates sent by the Indian Oil Corporation, according to NOC.

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Economy

Environment Ministry approves EIA of Nijgadh International Airport

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KATHMANDU — The Ministry of Environment has approved the environmental impact assessment (EIA) report of Nigadh International Airport in Bara on Thursday.

Confirming the approval of EIA in his Twitter handle, Rabindra Adhikari, Minister for Culture, Tourism and Civil Aviation, said the approval has cleared path for the construction of the airport.

Nijgadh airport, the second international airport of Nepal located 175 kilometres south of Kathmandu, is expected to be the biggest airport in South Asia in terms of area.

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More than 2.4 million small and large trees will have to be cut down to build the much talked about modern international airport as the planned construction site lies amid dense forest and will be spread over 8,000 hectares.

Likewise, nearly 90 percent of the project area is covered by Sal or Sakhua (Shorea robusta) trees. The market value of the lumber stands at over Rs 65 billion, which, officials said, will pay for half of the construction cost.

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