KATHMANDU: The Nepal Oil Corporation (NOC) slashed price of Aviation Turbine Fuel (ATF) on Tuesday.

The state-owned oil monopoly has decided to cut Rs 55.88 per litre.

According to the new revised rate, the price of ATF will be Rs 109 per litre, NOC Spokesperson Mukunda Ghimire said.

The revised fuel price will come into effect from Wednesday.