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Rise In Prices Of Petroleum Products
By KTM Metro Reporter
October 10, 2011: letting the management of Nepal Oil Corporation (NOC) to increase the prices of petroleum products today, Prime Minister Dr. Baburam Bhattarai has committed not only an economic and managerial mistake but also a political. The prime minister has rightly stopped the NC management from free distribution of the petrol to the former prime minister, ministers, high-ranking bureaucrats and influential reporters but he has let the NOC management to increase the prices instead of plugging any other loopholes that leak the oil.
Nepalese consumers need to pay Rs 105 for a liter of petrol and Rs 76 for a liter of diesel, as the NOC has increased the price of petrol by Rs 3 per liter and of diesel by Rs 1 per liter.
The main loopholes are the claims for losses of petrol at depots. Millions if not billions of rupees worth of losses of petrol are recorded but in reality the whole management system of the NOC has been built in it. Dr. Bhattarai needs to break such a system and make the NOC management liable for losses rather than passing on the burden of unrealistically high losses of petrol to the consumers.
If Dr. Bhattarai does not correct such a mistaken then he would not be a prime minister that can make a difference in the lives of Nepalis that have anticipated Dr. Bhattarai would do something to improve performances of the stat-run corporations such as NOC, and NEA (Nepal Electricity Authority) that has also thinking to increase the price of power rather than cutting the horrendous power loss: almost 50% of the electricity generated.
