The Nepal Oil Corporation (NOC) has reduced the prices of petroleum products to be effective from midnight Friday, June 16.
NOC Spokesperson Sitaram Pokharel said that Rs 1.50 has been cut in the prices of petrol, diesel and kerosene.
As per the new price rate, the petrol would be available at Rs 100 per litre while diesel and kerosene would cost Rs 76 per litre. However, the price of LP Gas is kept unchanged.
Having suffered a huge loss previously, Nepal Oil Corporation is making profit of Rs 340 million monthly.
Addressing the 2nd central general convention of the NOC Independent Employees’ Union held in the Capital today., deputy executive director of the NOC Nagendra Shah informed that NOC is paying revenue of Rs 40 billion annually.
Also at the programme, Nepali Congress central member and former Industry Minister Nabindra Raj Joshi said the NOC could get more success ahead once there is unity among its employees and practice of institutional effectiveness and professional discipline in place.