KATHMANDU, July 2: The government on Sunday slashed the prices of petroleum products on Sunday. The new prices will come into effect from Monday.
The Nepal Oil Corporation (NOC), the state oil monopoly, has reduced the prices of petrol, kerosene and diesel by Rs 2.
With the new price adjustment, petrol will sell for Rs 98 per liter, and kerosene and diesel for Rs 74 per liter each.
Similarly, the government has also reduced the prices of air turbine fuel and liquefied petroleum gas (LPG).
According to Sitaram Pokharel, spokesperson of NOC, the price of LPG has been reduced by Rs 25 per cylinder while turbine fuel (domestic) has been reduced by Rs 2 per liter for domestic airlines and by Rs 4 liter for international airlines.
With the price reduction, the LPG gas is now available for Rs 1,350 and air turbine fuel for Rs 84 per liter (domestic) and Rs 73 (international).
Earlier, the price of LPG was Rs 1,375 per cylinder and air turbine fuel Rs 86 (domestic) and 77 per liter (international) respectively.
NOC made adjustment in the price of petroleum products in Nepal after the their prices went down in the international market.