NOC not to reduce price of petroleum products

KATHMANDU: The government has decided not to reduce the price of petroleum products for the time being. Issuing a press release on Wednesday, Nepal Oil Corporation (NOC), the state-owned trading enterprise that imports, stores and distributes petroleum products, said a decision was taken not to reduce the consumer price of petroleum products for the time being, even though the price of fuel except cooking gas has been decreased by Indian Oil Corporation. As per the new price sent by Indian Oil Corporation, the price of diesel is cheaper by Rs 5 per litre, petrol cheaper by Rs 1.21 per litre. Similarly, the price of kerosene oil has been reduced by Rs 3.40 per litre and aviation turbine fuel by Rs 7.3 per litre. However, the cost of liquefied petroleum gas (LPG) has increased by Rs 339 per cylinder. READ ALSO:

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