Petroleum prices readjusted

KATHMANDU, Dec 3 - Following intense pressure from consumers, the government on Wednesday decided to readjust the prices of petroleum products effective from Monday.   The meeting held at the Ministry of Commerce and Supplies in Singha Durbar today decided to reduce Rs 5 each in a litre of petrol and ...

...and Rs 4.5 in kerosene. However, the government has not reviewed the price of cooking gas, saying that the Nepal Oil Corporation (NOC) is still bearing a loss of Rs 61 per cylinder.

Earlier, Minister for Commerce and Supplies Rajendra Mahato had said that the fuel prices would be readjusted according to the price change in the international market.

Fuel prices plunged by over 50 per cent recently in the international market.

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