Nepal Oil Corporation has slashed the price of aviation fuel effective from 12 midnight on Tuesday in view of the falling price of petroleum products in the international market. 

“We have reduced the fuel price for domestic flights upto Rs 55 per litre and $ 549 per kilolitre for International flights,” said NOC Director Mukunda Ghimire, “New prices will be effective from Tuesday midnight.”

With the new price in place, aviation fuel for domestic flights will cost Rs 109 per litre from the earlier Rs 164 per litre and fuel for international flights has been reduced from $ 1530 per kilolitre to $ 981 per kilolitre.

The NOC has adjusted the price of the aviation fuel as per the price forwarded by the Indian Oil Corporation on 15 February. 

However, the NOC has not reduced the price of petrol, diesel, kerosene and LP gas saying that discussions are underway. “We are holding discussions regarding the adjustment of the price of petrol, diesel, kerosene and LP gas,” said Ghimire.