Student unions in Nepal protest against fuel price hike

Updated:1 month ago

Kathmandu (Nepal), May 27 (ANI): Student unions in Nepal have taken to the streets to protest against the recent hike in the price of petroleum products and demanded the withdrawal of the hike. Demonstrators including Nepal Student Union, All Nepal Free Students Union, All Nepal National Independent Student Union (Revolutionary) and other student unions surrounded the office of the corporation on Wednesday afternoon and chanted slogans. The state-owned monopolist on Sunday hiked the prices of petrol, diesel, kerosene, aviation fuel, and cooking gas. The Nepal Oil Corporation (NOC) increased the prices of petrol, diesel kerosene, and aviation fuel (domestic) by Nepali rupees 10 per litre. Likewise, the price of cooking gas was increased by Nepali rupees 200 per cylinder. With the new price list, petrol costs Nepali rupees 180 per litre and Nepali rupees 163 per litre for diesel and kerosene while Nepali rupees 166 per litre for domestic aviation fuel. The transport and airline industry may increase the ticket rates as per the auto pricing mechanism. Since this month, the government has allowed transport operators to revise fares if the fuel price fluctuates by Nepali rupees 5 per litre.