The Nepal Oil Corporation (NOC) has slashed the prices of petroleum products. The revised rates would be effective from midnight. The state owned monopoly has reduced Rs 3 per litre in petrol, diesel and kerosene.

As per the new price list, petrol would cost Rs 175 per litre.

Likewise, the price of diesel and kerosene have been fixed at Rs 172 per litre. Earlier, Prime Minister Pushpa Kamal Dahal had directed the NOC to reduce the prices of petroleum products.