KATHMANDU, Aug 8: Nepal Oil Corporation (NOC) has slashed the price of liquefied petroleum gas (LPG) by Rs 25 per cylinder. The petroleum monopolist, however, has increased the price of petrol by Re 1, and diesel and kerosene by 50 paisa per liter, respectively. The new prices came into effect from Tuesday itself.
An official of the NOC stated that the price has been revised as per the automated pricing system. “The NOC receives price of list of products from Indian Oil Corporation (IOC) every fortnight. It takes time to analyze and set the price for the domestic market," said Birendra Goit, the spokesperson for the NOC. The IOC sends price rate to the NOC on 1st and 16th of every month. With the fresh revision, the price of LPG has reached Rs 1,375 per cylinder.
Similarly, petrol, diesel and kerosene are being retailed at Rs 109, Rs 97 and Rs 97 per liter, respectively. The NOC has kept the price of aviation turbine fuel unchanged.