why didn't fuel prices rise here?
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
- Nepal keeps fuel prices steady despite India’s Rs 20 hikeNagarik News
- Nepal holds fuel prices despite India’s hike amid floods, festivalsSetopati
- Nepal struggles to manage Rs 59 billion fertilizer subsidy budgetOnline Khabar
- Gold and Silver Prices Increase After Traders Meet on TaxesICT Frame
- Timure Tower Uses Solar Power, Stops Diesel Fuel TransportICT Frame
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