The state oil monopoly has slashed the price of aviation turbine fuel (ATF) by $50 per kiloliter (kl) for international carriers, according to the Nepal Oil Corporation (NOC).
Now, the price of the ATF for international carriers stands at $1,000 per kl, down from $1,050, according to NOC spokesperson Birendra Goit, who said that the price of the ATF for international carriers has been lowered to help in making the Visit Nepal Year 2020 a success.
The NOC brought the price of ATF down as the tourism and international airlines companies complained that the jet fuel price is too high in Nepal, distracting the tourists, he said, adding that international airlines have long been complaining that the price of the ATF is very high in Nepal which has not only been a factor of high airfare but also discouraging to add more flights.
The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) was also urging the Ministry of Industry, Commerce and Supplies to lower the price of the ATF in line with the demands of the international airlines and tourism entrepreneurs. But the international airlines companies say that the reduction in the price is very low.
According to Goit, the NOC has been using the profit earned from the high ATF price to subsidise the losses that it incurs in other petroleum products.
Likewise, the NOC has also lowered the retail price of Liquefied Petroleum Gas (LPG) by Rs 25 per cylinder yesterday to Rs 1,325 to be effective from today midnight. “The NOC decided to revise down the price of LPG yesterday and brought into effect from today midnight,” he said, adding that the price of the LPG is, however, lowered only for the Kathmandu valley.
According to a press note issued by the NOC, it has decided to lower the price of the LPG – popularly known as cooking gas widely used by households in Nepal – after it got the revised the rate from the Indian Oil Corporation (IOC), the sole supplier of petroleum products to Nepal.
Earlier on September 11, the NOC has reduced the price of diesel, petrol and kerosene by Rs 2 per liter coinciding with the formal launch of the India-Nepal cross border petroleum pipeline from Motihari to Amlekhgunj.
Now, the price of the ATF for international carriers stands at $1,000 per kl, down from $1,050, according to NOC spokesperson Birendra Goit, who said that the price of the ATF for international carriers has been lowered to help in making the Visit Nepal Year 2020 a success.
The NOC brought the price of ATF down as the tourism and international airlines companies complained that the jet fuel price is too high in Nepal, distracting the tourists, he said, adding that international airlines have long been complaining that the price of the ATF is very high in Nepal which has not only been a factor of high airfare but also discouraging to add more flights.
The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) was also urging the Ministry of Industry, Commerce and Supplies to lower the price of the ATF in line with the demands of the international airlines and tourism entrepreneurs. But the international airlines companies say that the reduction in the price is very low.
According to Goit, the NOC has been using the profit earned from the high ATF price to subsidise the losses that it incurs in other petroleum products.
Likewise, the NOC has also lowered the retail price of Liquefied Petroleum Gas (LPG) by Rs 25 per cylinder yesterday to Rs 1,325 to be effective from today midnight. “The NOC decided to revise down the price of LPG yesterday and brought into effect from today midnight,” he said, adding that the price of the LPG is, however, lowered only for the Kathmandu valley.
According to a press note issued by the NOC, it has decided to lower the price of the LPG – popularly known as cooking gas widely used by households in Nepal – after it got the revised the rate from the Indian Oil Corporation (IOC), the sole supplier of petroleum products to Nepal.
Earlier on September 11, the NOC has reduced the price of diesel, petrol and kerosene by Rs 2 per liter coinciding with the formal launch of the India-Nepal cross border petroleum pipeline from Motihari to Amlekhgunj.
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