KATHMANDU, Aug 16: Nepal Oil Corporation (NOC) has slashed the price of petroleum products. A meeting of the NOC Board of Directors held on Thursday took a decision to cut down the petrol price to be effective from Friday.

As per decision, the price of petrol per liter has been slashed by Rs 5, while those of diesel and kerosene by Rs 3. With the adjusted price, petrol per liter costs Rs 162 for first category, while Rs 164 for second category, and Rs 165 for third category.

Similarly, the adjusted price of diesel and kerosene per liter is Rs 152 for first category, Rs 155 for second category and Rs 158 for third category, according to the NOC.

Charali, Biratnagar, Janakpur, Amlekhgunj, Bhalbari, Nepalgunj, Dhangadhi and Birgunj belong to first category, while Surkhet and Dang in second and Dipayal, Pokhara, and Kathmandu in the third category.