October 16: The Nepal Oil Corporation (NOC) has reduced the prices of petroleum products, effective from Sunday midnight. In a press statement issued by the NOC on Sunday, the NOC slashed fuel prices significantly.

The price of petrol will now be Rs 11 per litre cheaper, while both diesel and kerosene will see a reduction of Rs 5 per litre.

As per the price adjustment, the petrol will cost Rs 169 per litre in Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalbari, Nepalgunj, Dhangadhi, and Birgunj. Meanwhile, diesel will be priced at Rs 165 per litre at these places.

Similarly, the petrol will be priced at Rs 171 per litre petrol in Dang and Surkhet, and Rs 172 per litre in Kathmandu, Pokhara, and Dipayal. The NOC said that it adjusted the price reductions in line with the new pricing structure received from the Indian Oil Corporation (IOC).