NOC Slashes Diesel, Kerosene Prices by Re 1 per Litre; Petrol Unchanged

Nepal Oil Corporation (NOC) has reduced the prices of diesel and kerosene by Re 1 per litre, effective from Monday, December 1. A board meeting of NOC took the decision to this effect on Sunday.

Following the price adjustment, diesel and kerosene will now cost Rs 143.50 per litre in the first-category areas, Rs 145 per litre in the second-category areas, and Rs 146 per litre in the third-category areas. The price of petrol has remained unchanged, the state-owned oil monopoly said in a statement.

The NOC has categorized depots in Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalbari, Nepalgunj, Dhangadhi and Birgunj in the first category; Surkhet and Dang as the second category; and Kathmandu, Pokhara and Dipayal in the third category. The revised retail rates apply within a 15-kilometre radius of the respective depots.

Meanwhile, the NOC has increased the price of aviation fuel for both domestic and international flights. The price of aviation turbine fuel (ATF) for domestic flights has risen by Rs 6 per litre to Rs 134 per litre, while the price of ATF for international flights has been increased by USD 42 per kilolitre to USD 1,015 per kilolitre in Kathmandu.

According to the NOC, the board meeting revised the price based on the new purchase rates received from Indian Oil Corporation, under which the import cost of diesel and kerosene fell by Rs 1.44 per litre, while that of aviation fuel rose by Rs 5.62 per litre. -- RSS