why didn’t nepal raise fuel prices?
Nepal did not raise fuel prices despite India increasing theirs by Rs 20. The Nepal Oil Corporation decided to keep prices steady, absorbing a loss of over Rs 3.2 billion. This decision was influenced by ongoing floods and upcoming festivals, which made the government cautious about increasing the financial burden on citizens at this time.
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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