Nepal Oil slashes jet fuel price by 20 percent

Fuel is the largest operating expense for airlines, accounting for as much as one-third of total costs. A 20 percent drop in fuel price, according to airlines, may see a roughly 10 percent drop in ticket prices.

Nepal’s state-run oil supplier has slashed the aviation turbine fuel price by a steep 20 percent in a move that could come as a much needed respite for international airlines.