Nepal Oil Corporation (NOC) on Saturday has slashed the the prices of petrol, diesel and Aviation Turbine Fuel (ATF) for the second time in a week.
According to NOC, petrol and diesel prices have been reduced by Rs 5 to Rs 90 and Rs 65 per litre, respectively. The ATF price for international flights has been cut by $100 to $1,300 per kilolitre. For domestic flights, ATF price has come down by Rs 5 to Rs 95 a litre.
After this price adjustment, NOC will make Rs 350 million profit per month at the current rate. It will gain Rs 17 per litre on petrol and Rs 25 a litre on ATF.
NOC still earn Rs 3 per litre profit in kerosene and diesel but it is incurring a loss of Rs 361 per LPG cylinder.
NOC board has decided to adjust petroleum products’ prices on every third day of the month from December.
NOC board has also decided to provide cooking gas and kerosene at subsidised rates. One cylinder of cooking gas and 10 litres of kerosene in urban areas and five litres of kerosene in VDCs will be provided at subsidised rates per family.
Ending duel price system of diesel, NOC last week had reduced the price of petrol by 5 rupees, aviation fuel by 7.96 rupees per litre.Similarly, the price of ATF had been reduced by US$ 100 per kilolitre to US$ 1400.
|
Set as homepage 
|
Add to favorites 
|
