The Nepal Oil Corporation (NOC) slashed the prices of petroleum products on Wednesday. The decision comes in the wake of constant decline in the price of crude oil in the international market.

A meeting of the NOC board decided to lower the price of petrol, diesel, kerosene and aviation fuel each by Rs 5 per litre. Petrol will now cost Rs 85 per litre, aviation fuel Rs 90 and diesel and kerosene Rs 60 per litre respectively.

However, the price of cooking gas remains same.

Likewise, the NOC has levied 50 paise ‘pollution tax’ on per litre of petrol, kerosene and diesel for Kathmandu Valley.

Earlier, the NOC had reduced petroleum prices twice within a couple of months. nepalnews.com mk Dec 03 08