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why didn't fuel prices rise here?

Answered by Chito · asked 3 times

Nepal has kept fuel prices steady despite a Rs 20 hike in India. The Nepal Oil Corporation is absorbing over Rs 3.2 billion in losses to avoid passing on the increased costs to consumers. This decision was influenced by ongoing floods and upcoming festivals, which the government considered important factors in maintaining price stability. So, even though India raised prices, Nepal prioritized social and economic stability over immediate price adjustments.

Sources

  1. Nepal keeps fuel prices steady despite India’s Rs 20 hike
    Nagarik News
  2. Nepal holds fuel prices despite India’s hike amid floods, festivals
    Setopati
  3. Nepal struggles to manage Rs 59 billion fertilizer subsidy budget
    Online Khabar
  4. Gold and Silver Prices Increase After Traders Meet on Taxes
    ICT Frame
  5. Timure Tower Uses Solar Power, Stops Diesel Fuel Transport
    ICT Frame

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