Kathmandu. The price of petroleum products has fallen sharply in the global market. The price of petroleum products has fallen drastically in the world market after the US-Iran ceasefire was signed. 

U. S. crude prices fell 15 percent to $95.31 per barrel and Brent crude fell 13 percent to $95.36 after the opening of the Strait of Hor muz after the ceasefire agreement.

What will happen in Nepal after the price of petroleum products falls in the world market? While the question is being raised, Nepal Oil Corporation has indicated that the price will not be reduced immediately. The corporation has said that there will be no immediate price adjustment due to the fall in the price of crude oil in the global market.

The government has decided to give 50 percent discount on the import of petroleum products.However, the corporation has incurred a loss of Rs 34 per liter on petrol and Rs 120 per liter in diesel. However, with the new price list coming from Indian Oil Corporation , where does the price of petroleum products go in Nepal? The corporation has said that it will be determined.