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NOC slashes petroleum products’ prices

KATHMANDU — Nepal Oil Corporation has slashed the prices of the petroleum products effective from SUnday midnight.

The Corporation has reduced Rs 2 per litre in petrol, diesel and kerosene each while Rs 25 per cylinder in cooking gas and the price of aviation fuel was reduced by Rs 4 per litreas as per the new price index sent by the Indian Oil Corporation.

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As per the new price list, petrol would be sold for Rs 98, diesel and kerosene for Rs 74 per litre whereas cooking gas would be sold for Rs 1350 per cylinder, according to NOC Spokesperson Sitaram Pokharel.

Likewise, the price of aviation fuel for domestic has been fixed to Rs 82 per litre.

With the new price rate, the NOC would incur Rs 400 million in profit in a month.