News Summary
Prepared after editorial review.
- Nepal Oil Corporation has announced a significant reduction in petroleum product prices.
- From midnight, petrol is reduced by NPR 20 per liter and diesel by NPR 30 per liter.
- The price of cooking LPG has been decreased by NPR 100 per cylinder.
June 29, Kathmandu – Nepal Oil Corporation has lowered the prices of petroleum products.
Effective from midnight, the price of petrol has been reduced by NPR 20 per liter, diesel by NPR 30 per liter, and cooking LPG by NPR 100 per cylinder.
The new rates were introduced as international fuel prices declined, with the corporation implementing the changes starting at 12:01 a.m. on Wednesday, June 29.
According to the latest purchase prices from Indian Oil Corporation, petrol is priced at NPR 15.09 per liter, diesel at NPR 29.46 per liter, aviation fuel at NPR 29.42 per liter, and LPG prices have also decreased as reported by the corporation.
Moreover, the price of international aviation fuel destined for Kathmandu has been reduced by USD 265 per kiloliter, while prices for Pokhara and Bhairahawa have been maintained at break-even points, according to the corporation.
