The Nepal Oil Corporation (NOC) has increased the price of petroleum products. The petrol price has been increased by Rs 4 per litre while diesel and kerosene oil by Rs 3 per litre, effective from 1:00 am July 16.
ith Nepalis distracted by slow vote-counting, the government sneaked in another petrol price hike to Rs170 per litre last week. Inflation is going up, as the economy goes down. To prevent depletion of foreign exchange reserves, the government restricted imports, but that has hit tax revenue. As local election results come out in slow motion, […]
