Nepal Oil Corporation has slashed the prices of petroleum products.

The corporation has reduced the price of petrol by Rs 11 per liter and kerosene and diesel by Rs 5 per liter.

As per the new revised rate, petrol will cost Rs 172 per liter and diesel and kerosene Rs 168 per liter.

The state-owned oil monopoly, however, has not reduced the price of Liquefied Petroleum Gas (LPG).