The Nepal Oil Corporation (NOC) has reduced the price of petroleum products.

A meeting of the NOC Board of Directors has decided to decrease the selling price of petrol, diesel and kerosene by three rupees per liter, to be effective from Tuesday midnight.

With the revision in rates, petrol price has been fixed at Rs 157.50 per liter for the first category, Rs 159 for the second category and Rs 160 per liter for the third category.

The price of diesel and kerosene has been fixed at Rs 143.50 for the first category, Rs 145 for the second category and Rs 146 for the third category.

The NOC has placed Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalbari, Nepalgunj, Dhangadhi and Birgunj in the first category, Surkhet and Dang in the second category and Kathmandu, Pokhara and Dipayal depots in the third category.

According to the new purchase price of petrol received from Indian Oil Corporation today, the price of petrol has been reduced by Rs 3.15 per liter and diesel by Rs 2.62 per liter.

NOC informed that the price of petroleum products has been adjusted in the local market with the receipt of revised purchase rates.