Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of petroleum products at normal rates. The price has been reduced after talks with the agitating United Students’ Organization on the issue of price rise.
As per the decision of the corporation’s board of directors, the retail price of petrol and diesel/kerosene has been reduced by one rupees per liter.
The corporation has stated that all parties need to understand the need to adjust the price of petroleum products to improve the economic condition of the corporation as the price of crude oil is constantly rising in the international market and due to this, the cost of the corporation is high.