Nepal Oil Corporation (NOC) slashed the prices of petroleum products on Thursday.

The NOC decided to cut Rs 3 per litre in petrol, diesel and kerosene.

According to the new revised rate, the price of petrol will be Rs 160 per liter. Earlier,  the price of petrol was Rs 163 per liter.

Similarly, the price of kerosene and diesel will be Rs 146 per litre each. Earlier, the price of diesel and kerosene was Rs 149  per liter each.

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

The revised fuel price will come into effect from midnight today.