KATHMANDU, April 6: After the Nepal Oil Corporation (NOC) reduced the price of aviation fuel, the air service companies have also decreased their fares for flights.
KATHMANDU, April 6: After the Nepal Oil Corporation (NOC) reduced the price of aviation fuel, the air service companies have also decreased their fares for flights.
KATHMANDU, April 5: The Nepal Oil Corporation (NOC) has reduced the price of aviation fuel. The NOC reduced the price of aviation fuel by Rs 10 per liter. The Aviation Operators Association accordingly revised the airfare to be effective from April 4.
KATHMANDU, April 5: The Nepal Oil Corporation (NOC) has reduced the price of aviation fuel. The NOC reduced the price of aviation fuel by Rs 10 per liter. The Aviation Operators Association accordingly revised the airfare to be effective from April 4.
KATHMANDU, Dec 17: The Nepal Oil Corporation (NOC) has reduced the fuel price by Rs three rupees per liter.
With the decision coming into effect from Saturday midnight, the corporation has decided to reduce the price of petrol, diesel and kerosene by Rs three per liter.
However, the price of LP Gas and aviation fuel price has remained the same.
The price of the petrol and diesel will now strand at Rs 178 per liter and Rs 175 respectively.
KATHMANDU, Dec 17: The Nepal Oil Corporation (NOC) has reduced the fuel price by Rs three rupees per liter.
With the decision coming into effect from Saturday midnight, the corporation has decided to reduce the price of petrol, diesel and kerosene by Rs three per liter.
KATHMANDU, June 7: The Nepal Oil Corporation (NOC) has decreased the price of international aviation turbine fuel beginning from late midnight. The NOC has informed about this by issuing a press statement on Sunday evening.
A meeting of the NOC Board of Directors on Sunday agreed to endorse a policy of fixing the price of international aviation fuel with a maximum profit of 15 per cent during the COVID-19 crisis.
Earlier, the price of international aviation fuel was US dollar 893 per kiloliter and now it has been fixed at US dollar 715 per kiloliter. The NOC has reduced the price by USD 178 per kiloliter at a single time.
As of Sunday, the NOC had a 40 per cent profit on international turbine aviation fuel. Earlier, the profit was up to 70 per cent, according to NOC Spokesperson Biditmani Upadhyay.
As he said, it had earned the profit of Rs 15 million fortnightly in a period of one year of COVID-19 crisis.
The NOC, however, is incurring an estimated a fortnightly loss of Rs 500 million in the transaction of liquefied petroleum gas. This loss was being adjusted from the profit from the aviation turbine fuel.
According to the NOC fuel pricing policy, there is an arrangement to compensate the loss of LP gas from the profit of international turbine aviation fuel.
Air fare is expected to go down with the significant cut off in the price of international aviation fuel price. With this, the government-owned Nepal Airlines Corporation is likely to save more than Rs 700 million annually from aviation fuel alone.
