Kathmandu: Nepal Oil Corporation (NOC) has lowered the prices of petroleum products effective from Thursday, May 16.    
A meeting of the NOC Board of Directors on Wednesday decided to reduce the price of petrol by Rs 7 per liter and diesel and kerosene by Rs 5 per liter.    
With the adjustments of prices, the retail price of petrol has been fixed at Rs 168.5 per liter for the first cluster (Charlali, Biratnagar, Janakpur, Amlekhgunj, Bhalbari, Nepalgunj, Dhangadhi and Birgunj) while it will cost Rs 170 per liter in the second cluster (Surkhet and Dang) and Rs 171 per liter for the consumers of third cluster which includes Kathmandu, Pokhara and Dipayal.    
The price adjustments follow the revised price list from the Indian Oil Corporation (IOC), the sole supplier of petroleum products to Nepal, according to NOC Spokesperson Manoj Thakur. -- RSS