Nepal Oil Corporation (NOC) has reduced the prices of petrol, diesel, and kerosene by Rs3 per litre each, effective from Monday midnight.

According to NOC, the price cut follows a revised rate list received from Indian Oil Corporation (IOC), its sole supplier.

With the new pricing, petrol will now cost Rs160 per litre in the Kathmandu Valley, while diesel and kerosene will be priced at Rs146 per litre.

NOC stated that the revised rates aim to reflect changes in the international market and offer some relief to consumers.