NOC reduces fuel prices

KATHMANDU: The Nepal Oil Corporation (NOC) has announced a reduction in the prices of petroleum products, citing a decline in its procurement costs.

In a statement issued on Monday, the NOC stated that the prices of petrol, diesel, and kerosene have been reduced by Rs 7 per liter each in Tarai districts. Similarly, prices have been decreased by Rs 6 per liter in places like Surkhet and Dang, and by Rs 5 per liter in cities such as Kathmandu Valley, Pokhara, and Dipayal.

The new prices will take effect from midnight on Monday.

Presently, petrol is being sold at Rs 175 per liter, while diesel and kerosene are priced at Rs 155 per liter each.

Additionally, the NOC has lowered the price of aviation turbine fuel (ATF) for domestic airlines to Rs 136 per liter from Rs 150 per liter, and for international airlines to $1.035 per liter from $1.15.

However, the price of liquefied petroleum gas (LPG) remains unchanged at Rs 1,800 per cylinder, according to the NOC.