Nepal Oil Corporation (NOC) has increased price of Aviation Turbine Fuel (ATF) for domestic airlines by 5 rupees as it stands Rs100 per litre whereas international airline should pay USD75 more for per kiloliter of ATF which makes it $1075 per kiloliter.
Likewise, the price of petrol is increased by Rs 3 to Rs 113 per litre and Rs 3 on diesel and kerosene which will now cost Rs 95 per litre.
The new price will be effective from Saturday midnight. The loss amount of NOC stands at Rs 180.62 million with the above changes.
The government controls the price of a plane ticket while airlines are allowed to fix the surcharge if fuel prices fluctuate by at least Rs4 per litre. As the price has been hiked by Rs 5 so, there will be increase in airfare also.
