why isn't nepal raising fuel prices?
Nepal is not raising fuel prices despite India's recent hike because the Nepal Oil Corporation has decided to keep local prices unchanged. This decision is influenced by ongoing floods and upcoming festivals, which are sensitive times for the public. To maintain stable prices, the corporation is absorbing a loss of over Rs 3.2 billion. This approach helps ease the financial burden on consumers during difficult times.
Sources
- Nepal holds fuel prices despite India’s hike amid floods, festivalsSetopati
- Nepal keeps fuel prices steady despite India’s Rs 20 hikeNagarik News
- Timure Tower Uses Solar Power, Stops Diesel Fuel TransportICT Frame
- Nepal struggles to manage Rs 59 billion fertilizer subsidy budgetOnline Khabar
- Gold and Silver Prices Increase After Traders Meet on TaxesICT Frame
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