NOC revises petro-price

Published On: June 17, 2018 07:52 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 17: Nepal Oil Corporation (NOC) on Sunday has revised downward prices of petroleum products effective from Sunday midnight.

Birendra Goit, spokesperson of NOC, said the price of petrol has come down by Rs 3 per liter, while diesel and kerosene have become cheaper by Rs 2 per liter each.

Now consumers can buy petrol at Rs 110 per litre, whereas diesel and kerosene will cost Rs 93 per liter each.

Goit said the state-owned oil monopoly adjusted prices downward as the price of the petro-products slashed down in international market.

NOC has adopted automatic pricing system to adjust price of petroleum products according to the international price.

Even after price reduction, NOC's monthly loss will stand at Rs 78.6 million, said Goit.

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