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Iran war: Nepal sharply raises jet fuel prices

MT News Desk

Nepal Oil Corporation raised fuel price by 84.7 percent for international flights from Kathmandu, by 116.2 percent for jets operating from Pokhara and 117.4 percent from Bhairahawa, saying ‌it needs to make payments to refiner Indian Oil Corporation for supplies.

Jet fuel prices for domestic flights have been raised by 97.6 percent, said Nepal’s state-run agency that imports, stores and distributes petroleum products in the country, reports Al Jazeera.

This has resulted in a surge in ⁠domestic airfare of as much as ⁠50 percent, according to Civil Aviation Authority of Nepal.

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