why hasn't nepal raised fuel prices?
Nepal has not raised fuel prices despite India's recent Rs 20 hike because the Nepal Oil Corporation (NOC) is absorbing over Rs 3.2 billion in losses to keep prices steady. This decision is influenced by the ongoing floods and upcoming festivals, as the government aims to avoid adding financial pressure on the public during these challenging times. So, while India has increased fuel costs, Nepal is deliberately maintaining current prices to support its citizens.
Sources
- 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
- Nepal keeps fuel prices steady despite India’s Rs 20 hikeNagarik News
- Nepal holds fuel prices despite India’s hike amid floods, festivalsSetopati
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