Kathmandu : The price of petroleum products has decreased in Nepal as it has been reduced in India. Indian Oil Corporation (IOC) has sent details of the reduction in petroleum prices to Nepal Oil Corporation.
According to the corporation, the price of petrol has decreased by four rupees and thirty-three paisa per liter, while the price of diesel has decreased by four rupees and eleven paisa per liter. The reason for the decrease in prices in the international market has also been cited by IOC for the same.
The corporation will automatically reduce the prices through the prescribed method. It has been reported that the price of crude oil has decreased in the international market in recent times.