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Rise In Prices Of Petroleum Products And Gold
By KTM Metro Reporter in Kathmandu
March 15, 2010: stating the prices of petroleum products have gone up at the Indian market, the state-run company Nepal Oil Corporation has increased the prices of petroleum products such as petrol, diesel and kerosene. Consequently, the price of petrol has gone up by Rs 2.50, and of kerosene and diesel by Rs 2 each. Now, the price of petrol in Nepal is Rs 80 per liter, and the price of kerosene and diesel has been Rs 61 per liter each. Even then the petrol is cheaper in Nepal by Rs 0.90 than in the Indian market according to the Nepal Oil Corporation.
If Nepal Oil Corporation makes the prices of petroleum products cheaper in Nepal than in the Indian market then it will make unscrupulous politicians staying in power room for selling Nepal-bound petroleum products in the Indian market and make money illegally, as Former Prime Minister and Nepali Congress President Girija Prasad Koirala has done during his last term of Interim Prime Minister from 2006 to 2008 making acute shortage of petroleum products in Nepal.
The government has decided to increase the custom duty on gold from Rs 130 to 470 per 10 gram to keep the price of gold on a par with the price of gold in the Indian market to stop it from flowing from Nepal to India that causes tremendous pressure on the foreign currency reserve.
