Diesel and kerosene prices reduced by Rs.10

May 16, Kathmandu – Nepal Oil Corporation has reduced the price of diesel and kerosene by Rs. 10 per liter.

After the price of petroleum products reduced by IOC on Tuesday, the meeting of the board of directors of the Nepal Oil corporation decided to reduce the price for consumers. According to the new price list sent by the Indian Oil Corporation (IOC), the price of diesel has decreased by 8 rupees per liter and the price of petrol by 9 rupees. Earlier, diesel and kerosene, which were sold at 165 rupees per liter, have remained at 155 rupees.

The corporation has kept the prices of petrol, jet fuel and cooking gas unchanged.

Prices of petroleum products declined

Nepal Oil Corporation is going to announce the new price of petroleum products with effect from midnight today.

Under the new price to be announced by the corporation, the price of petrol will be reduced by Rs 20 and diesel by Rs 29. The new price of petrol will be Rs 179 and the new price of diesel and kerosene will be Rs 163.

The cabinet meeting convened after a meeting of the ruling coalition at the PM’s residence in Baluwatar agreed to reduce the price of petroleum products by reducing the tax on petroleum products.

Hike on fuel price

Nepal Oil Corporation has increased the price of petroleum products. Changes on fuel price will be in effect from midnight today.

Petrol, diesel and kerosene prices have been increased by Rs 10 per liter.Accordingly, the price of petrol in will now be Rs. 170 per liter.

Similarly, the price of diesel and kerosene has reached Rs 153 per liter.

National Association of Petroleum Dealers to stop the sale of fuel

Petrol pump operators across the country have stopped buying petroleum products, disrupting the fuel supply system.

According to the Nepal Petroleum Dealers National Association, an association of petrol pump businessmen, the decision was taken in protest of the reduction in commission received by the Nepal Oil Corporation.

A meeting of the corporation’s board of directors had decided to reduce the commission being paid in percentage through the price structure.

Spokesperson of Nepal Ayal Nigam Binit Mani Upadhyaya said that the dealers have decided to stop the sale of fuel after announcing it.

According to the depot, fuel has not been recovered from Thankot Depot, one of the largest suppliers of fuel in the Kathmandu Valley, since today morning.