Money

NOC hikes fuel prices yet again

- Post Report, Kathmandu

Jun 3, 2018-

The state-owned Nepal Oil Corporation (NOC) on Saturday increased the prices of petrol, diesel and aviation fuel, two weeks after the last adjustment. The new rates will come into effect from Saturday midnight, the NOC said.

The NOC has increased the price of petrol by Rs3 to Rs113 per litre. It has increased diesel and kerosene prices by Rs3 a litre, respectively. With the revision, diesel and kerosene will cost Rs95 per litre.

Aviation fuel sold to domestic carrier has been increased by Rs5 to Rs100 per litre. Likewise, aviation fuel sold to international airlines has been raised by $75 to $1000 per kilolitres.

The price of cooking gas, however, has remained unchanged. This is the 8th upward revision on petrol, diesel and kerosene prices, and 3rd upward revision on aviation fuel prices in the last six months.  

The NOC said that decision to increase prices has been taken to prevent smuggling of fuel to India. It said that petrol and diesel prices in Nepal are cheaper by Rs23 per litre.

Published: 03-06-2018 09:02

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