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

The price of petrol, diesel and kerosene has been reduced by Rs 3 per liter each with effect from 12 midnight on Friday.

With this, a liter of petrol will be Rs 178 and diesel/kerosene will cost Rs 175.

Earlier, a liter of petrol was Rs.181 and diesel/kerosene was Rs.178.

NOC said that the price of aviation fuel and LP gas has remained unchanged.

The Indian Oil Corporation (IOC) sent a new list to the NOC on Friday with the reduced prices of fuel.