The ruling coalition decided to reduce the prices of petroleum products in a meeting held at the Prime Minister's residence in Baluwatar today.
According to the coordinator of the coalition, Ramchandra Paudel the meeting has decided to reduce the tax imposed on petroleum products by convening a cabinet meeting today.
"Today's cabinet meeting will decide on reducing the price of petroleum products, make the market inspection more strict, and will discuss ways to make food available to consumers at cheaper prices", he said.
He further added that all taxes imposed on petroleum products will be removed today. If the government will remove the taxes the prices of diesel and petrol will be reduced by Rs 25 to 30 respectively.
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