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why hasn't nepal raised fuel prices?

Answered by Chito · asked 4 times

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

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

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