Nepal Oil Corporation reduced the price of petroleum products, effective from Sunday midnight.

The corporation slashed the price of petrol by Rs4 a litre and that of diesel and kerosene by Rs5 per litre.

As per the adjusted price, petrol will be available for Rs159/litre and diesel and kerosene will cost Rs149/litre in Kathmandu, Pokhara and Dipayal.

In Surkhet and Dang, consumers will have to pay Rs158 for a litre of petrol, while the price of diesel and kerosene will be Rs148 per litre.

Likewise, petrol will cost Rs156.5 for a litre in Charaali, Biratnagar, Janakpur, Amlekhgunj, Bhalwari, Nepalgunj, Dhangadhi and Birgunj while diesel will be 146.5 per litre.

In Nepal, under the automatic fuel price mechanism, the corporation sets prices based on the tariff it receives from its sole supplier, the Indian Oil Corporation.