Along with the decline in the price of crude oil in the international market, the price of petroleum products purchased by Nepal Oil Corporation from India has also decreased.

According to the reduced prices, since Saturday, the Oil Corporation has purchased petrol at a lower price of Rs 15.76 per liter and diesel at a lower price of Rs 16.56 per liter.

Even though Nepal Oil Corporation purchased petroleum products from India at a reduced price, due to the arrears that the corporation has to pay to the IOC and the long-standing losses, the price of petroleum products will not be adjusted according to the new prices.