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The government has reduced the price of after a protest by the student organizations. Announcing the government decision to reduce Rs. 3 per liter on petrol, Rs. 4 in kerosene oil and diesel, and Rs. 85 per cylinder in cooking gas, the Minister for Commerce and Supplies, Lekh Raj Bhatt, told that the reduction will impact in the supply.
Minister Bhatt told that he had to reduce the price on pressure and he expects the availability of petroleum in the market to be further limited.
The protesting 13 student organization have however rejected the moderate price reduction. They have demands the government to scrape the price hike altogether. They have also told that the protest will continue until the price hike is reversed.
Nepal Oil Corporation had increased the prices of diesel and kerosene to Rs 85 per liter from Rs 76 per liter. The price of petrol was raised to Rs 115 per litre from Rs 105 and the price of cooking gas was raised to Rs 1,500 per cylinder from it’s previous price of Rs 1,325.
Even after the current reduction, the petrol still costs Rs. 112 (Rs. 7 net increase), kerosene and diesel costs Rs. 81 (Rs. 5 net increase), and cooking gas costs Rs. 1415 (Rs. 90 net increase).
[...] Fuel price reduced but, protest to continue [...]