Nepal raises aviation fuel prices, citing Middle Eastern conflict

KATHMANDU— Nepal has increased aviation fuel prices by up to 117.4% for international flights, effective after midnight on Tuesday.

State-run Nepal Oil Corporation (NOC) said increases of 84.7%, 116.2% and 117.4% for international flights from Kathmandu, Pokhara and Bhairahawa, respectively, were needed to make payments to Indian Oil Corporation IOC.NS on time and avoid further supply disruptions.

Prices for domestic flights have been increased by 97.6%, NOC said.

Nepal increased petrol and diesel prices by 9.55% and 7.0%, respectively, and started rationing cooking gas earlier this month.

Wedged between India and China, Nepal is fully dependent on imports for fuel supplies, including cooking gas. — Reuters