Nepal Oil Corporation slashes fuel prices

By THT Online

Published: 07:40 pm Aug 02, 2016

A petrol pump attendant (L) puts petrol priced at Rs 99 per litre into a car at a Sajha Petrol gas station in Kathmandu, Nepal, January 27, 2016. A dramatic drop in oil prices, driven down by a glut in supply, is translating into a mixed bag for motorists. All countries have access to the same oil prices on international markets, but retail prices vary wildly, largely because of taxes and subsidies. Reuters

KATHMANDU: The Nepal Oil Corporation has decided to slash prices of petroleum products. The decision be effective from Tuesday midnight. Revising the fuel prices today, the state-run fuel monopoly decided to sell petrol at Rs 97 per litre, and kerosene and diesel at Rs 73 per litre. The NOC reduced prices of petrol, diesel and kerosene by Rs 2 per litre. Likewise, cooking gas (liquefied petroleum gas)'s price has been fixed at Rs 1,375 from Rs 1,400 per cylinder.

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Nepal Oil Corporation slashes fuel prices