NOC reduces international aviation fuel prices by 20%

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Nepal Corporation has reduced the price of international aviation fuel. The corporation issued press release on Sunday evening and reduced the price of aviation fuel with effect from 12 noon last night.

Earlier, the price of international aviation fuel was fixed at USD 893 per kiloliter. This has fallen USD 715 per kiloliter. The corporation has reduced the price by almost 20 percent i.e. USD 178 per kiloliter.

Air fares are expected fall international aviation fuel prices fall. With the reduction in prices, the government-owned Nepal Airlines Corporation is estimated save more than Rs 70 annually from aviation fuel alone.

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