Kathmandu, January 18
Nepal Oil Corporation (NOC) has once again refused to reduce fuel prices.
On Monday, the NOC received a new price list from Indian Oil Corporation (IOC), from where it buys petroleum products, with reduced rates.
As per the new list, a litre of diesel should have cost Rs 3.70 less than the current price whereas the petrol price should have come down by Rs 2.51 per litre.
However, the government-run fuel monopoly says it has Rs 17.3 billion in loans to pay back, hence reducing the prices immediately is not possible.