Student Unions Demand Immediate Withdrawal of Fuel Price Hike

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Student Unions Demand Immediate Withdrawal of Fuel Price Hike

May 25: Student leaders have submitted a memorandum to Minister for Industry, Commerce and Supplies Dilendra Prasad Badu urging him to revoke the decision to hike the prices of petroleum products.

Student leaders affiliated to 13 different student unions jointly submitted the memo to the Industry Minister amid a recent function demanding the government to immediately revoke such decision.

During the occasion, Minister Badu said that the government was not in a position to tell the Nepal Oil Corporation to reduce the fuel prices. He argued that the state-owned NOC was facing a fortnightly loss of Rs 6.71 billion and therefore it was not appropriate to tell the oil monopoly to lower the prices.

Minister Badu stated that the NOC is still bearing a loss of Rs 14.64 for selling a litre of petrol. Likewise, the loss incurred for the sale of a litre of diesel and a cylinder of cooking gas amounted to Rs 26.82 and Rs 879.75 respectively.

Stating that it was the responsibility of the government to seek a solution to the current  crisis after considering the situation of NOC and the world market, Minister Badu said that the government has been making efforts towards this end.

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