The government on Saturday announced cuts in the price of petroleum products. The price cut comes in the wake of sliding oil prices in the international market.

According to Nepal Oil Corporation (NOC), the rate of petrol and diesel has been reduced by Rs 5 per litre from Rs 95 and Rs 70 respectively.

Aviation fuel will also be cheaper by Rs 5 with the rate fixed at Rs 95 per litre for domestic flights. However, no changes have been made in the price of cooking gas and kerosene.

This is the second price cut in less than two weeks. Earlier, the government had reduced the price of petrol by 5 rupees, aviation fuel by 7.96 rupees per litre and ended dual pricing for diesel. nepalnews.com mk Nov 01 08