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Again Long Lines At Petrol Pumps
Again Long Lines At Petrol Pumps
KTM Metro Reporter
July 20, 2017
Kathmandu: again drivers have to line up for filling up their tanks, as the supply have been cut; probably, the Nepal-bound petroleum products must have remained in India because the prices of petroleum products have been high in India.
Nepal Oil Corporation has reduced the prices of petroleum products recently stating the international prices have been low without considering the prices in the Indian market.
Nepal and India have the open border and the folks on both sides of the border could move freely. So, the prices of major products such as petroleum products, gold, and foreign currencies if happen to be lower in Nepal or India, the products tended to flow where the prices are high.
So, the low prices of petroleum products in Nepal discourage them to come to Nepal as they fetch high prices in India. NOC certainly could not bring the petroleum products with the armed police force so that the tanks would not stay on in India but it could maintain the same prices as in India so that those products would not either go back or stay on in India.
Probably, NOC could deliberately keep the prices of petroleum products low under the pressure of politicians in power in order to make some quick money for their party purposes. For example, from 2006 to 2008 when Girija Prasad Koirala was the prime minister, the short supply of petroleum products prevailed causing immense problems to the customers, and even causing the adverse impact on the economic growth.
