Kathmandu : Nepal Oil Corporation (NOC) has reduced the price of petroleum products.

The government has imposed a green tax of Rs 1 per liter on petroleum products through the budget. But due to low price imports from India, the price has also decreased in the Nepali market.

The NOC has reduced the price of petrol by Rs 3 per liter, effective from 12 midnight on Friday. The price of diesel has been reduced by Rs 1 per liter.

This price reduction follows the Indian Oil Corporation’s recent price cuts, which lowered the price of petrol by Rs 4.42 per liter and diesel by Rs 2.45 per liter.

According to the NOC, the prices of aviation fuel and LP gas have remained unchanged.