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Students come to street against price hike of petroleum products


KATHMANDU: Nepal Oil Corporation (NOC), the state run oil monopoly, has again raised prices of petroleum products in exactly a month’s time.

The NOC hiked the price of petrol by 5 rupees, while the costs of diesel and kerosene has raised by three rupees each. Similarly the price of aviation fuel has jumped by 7 rupees. The NOC hiked the prices of petroleum products on August 10 this year.

Petrol will now cost Rs 130 per litre, while the prices of petrol and kerosene costs 103 rupees and aviation fuel by Rs 7 to Rs 137 per litre.

The decision to increase the prices was taken by NOC’s board meeting. NOC officials said that decision was made because of rising international petroleum prices, increased value of dollar and NOC’s own loss projection. Based on the prices set on 10 August, NOC had projected a loss of Rs 1.62 billion for September. However, prices of LPG cylinders and international aviation fuel have not been hike

Meanwhile, students affiliated to various political parties and organizations have staged demonstration in front of government colleges in the capital on Wednesday against hike in prices of petroleum products.

The student unions enforced vehicular strike in front of government campuses for one hour from 8 to 9 this morning against the state-owned NOC’s decision to raise the prices of petroleum products twice in one month (NOC had increased petro prices on August 10 this year).

Transportation was affected in major roads and thoroughfares in the capital including Pradarshini Marg, Putalisadak and Chabahil area due to the hour long vehicular trike.

Students leaders of Nepali Congress affiliated Nepal Students Union (NSU) and UCPN (Maoist) aligned All Nepal Independent Students Union-Revolutionary said they would be forced to announce further protest programs until the government decides to roll-back the decision to hike fuel prices.

NOC officials said that decision was made because of rising international petroleum prices, increased value of dollar and NOC’s own loss projection. Student unions have warned that they would announce more protest programs if the hike was not revoked.

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Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point