Govt decision to cut infrastructure tax

Prices of petrol, diesel and kerosene slashed by Rs 10 per litre

Published On: June 2, 2022 09:06 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 2: Nepal Oil Corporation (NOC) has reduced prices of petrol, diesel and kerosene by Rs 10 per liter effective from midnight today. 

A meeting of the Board of Directors of the state-owned NOC on Thursday decided to reduce the prices of petroleum products as per the directives made by the Finance Ministry to Ministry of Industry, Commerce and Supply to reduce the prices.

With the new decision, petrol will now cost Rs 170 per liter and diesel and kerosene will cost Rs 153. Earlier, the government in its annual budget for the fiscal year 2022/2023 had announced to cut the infrastructure tax being levied on petroleum products. 

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