SATV 2 May, Kathmandu: Nepal Oil Corporation (NOC) has reduced the prices of petroleum products. A meeting of NOC's board of directors held on Wednesday decided to decrease the prices of petrol, diesel, kerosene and aviation fuel.

The new price came into effect from Thursday morning. The NOC decreased the price of petrol by Rs. 2 per litre and diesel and kerosene by Rs. 1 per litre each.

Similarly, the Corporation reduced the prices of aviation fuel for domestic flights by Rs. 4 per litre and for international flights for Kathmandu by USD 29 per kiloliter.

The price of aviation fuel for international flights for Pokhara and Bhairahawa fixed in breakeven. The price of aviation fuel for Kathmandu is fixed at USD 923 per kiloliter, for Bhairahawa at USD 731 per kiloliter and Pokhara at USD 746 per kiloliter.

The NOC has been adjusting the fuel prices every fortnight based on the international price.

According to a press statement of NOC, the prices of petrol, diesel, kerosene and aviation fuel have been reduced due to the decrease in the price received from Indian Oil Corporation (IOC) Wednesday. 

The price of petrol in Kathmandu Valley, Pokhara and Dipayal has declined to Rs. 158 per litre.

Similarly, petrol will now cost Rs. 155.50 per litre each in the first category (Chaarali, Biratnagar, Janakpur, Amlekhjung, Nepalgunj, Dhangadhi and Birgunj) and Rs. 157 in the second category (Surkhet and Dang). 

Likewise, the price of diesel and kerosene in Kathmandu Valley, Pokhara and Dipayal has dropped to Rs. 145 per litre each.