Nepal Oil Corporation Reduces Fuel Prices

Kathmandu. Nepal Oil Corporation has reduced the price of petroleum products. The corporation's board of directors meeting on Tuesday reduced the prices of petrol, diesel, kerosene, aviation fuel, and cooking LP gas.

The corporation has reduced the price of petrol by Rs 20 per liter and diesel and kerosene by Rs 30 per liter. Similarly, aviation fuel (domestic) has been reduced by Rs 40 per liter and aviation fuel (international) for Kathmandu has been reduced by US$ 265 per kiloliter. The price of cooking LP gas has been cut by Rs 100 per cylinder.

According to the new price list, under the third category, the price of petrol in Kathmandu, Pokhara, and Dipayal is now Rs 197 per liter and the price of diesel and kerosene is Rs 195 per liter. Earlier, petrol was Rs 217 per liter and diesel was Rs 225 per liter in these areas.

Similarly, under the first category, in Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj, petrol is priced at Rs 194.50 per liter and diesel at Rs 192.50 per liter. Under the second category, in Surkhet and Dang, the price of petrol is fixed at Rs 196 per liter and the price of diesel at Rs 194.

The new price of aviation fuel (domestic) is fixed at Rs 229 per liter. Similarly, the price of international aviation fuel for Kathmandu is US$ 1,566, for Pokhara US$ 1,100, and for Bhairahawa US$ 1,085 per kiloliter.

With the price reduction, consumers will now get cooking LP gas per cylinder (14.2 kg) for Rs 2,060. Earlier, the price of gas was Rs 2,160 per cylinder.

The corporation stated that the prices have been adjusted according to the automatic pricing system based on the fluctuations in the international market prices of petroleum products and the new purchase price received from Indian Oil Corporation (IOC).