Kathmandu: Indian Oil Corporation (IOC) has reduced the price of petroleum products to Nepal Oil Corporation (NOC).

According to the corporation, the price list has been reduced by 9 rupees 52 paise per liter of petrol and 8 rupees 13 paise per liter of diesel.

The IOC sends the new price list to the Corporation in 15-15 days i.e. on 1st and 16th of the month.

Accordingly, the IOC has reduced the price of petroleum products on Tuesday compared to 15 days ago.

IOC sends a new price list based on its cost and crude oil prices.