The government has slashed the prices of petroleum products.

Speaking at a press conference organized on Saturday, Minister for Industry, Commerce and Supplies Dilendra Prasad Badu said that the price of petrol has been slashed by Rs 20 per litre.

Likewise, the price of diesel has been reduced by Rs 29 per litre.

As per the new decision, petrol will now cost Rs 179 per litre and diesel will cost Rs163 per litre.

The new decision will come into effect from today midnight.