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Economy

NOC slashes fuel prices

Gorkha Post

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KATHMANDU — Nepal Oli Corporation (NOC) has slashed the fuel prices effective from Sunday midnight. According to NOC Spokesperson Birendra Goit, NOC has reduced the price of petrol by Rs 3 per litre and diesel and kerosene by Rs 2 per litre.

As per the revised price, petrol will now cost Rs 110/ltr down by Rs 3. Similarly, the price of kerosene and diesel will be Rs 92 per litre each.

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The state owned oil monopoly, however, has not revised the price of aviation fuel and Liquefied Petroleum Gas (LPG).

After the revision, NOC still incurs a fortnightly loss of Rs 70.86 million, it said.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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