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Unrest Provoked By Rise In Fuel Prices
By KTM Metro Reporter
December 9, 2010: the state-run company called Neal Oil Corporation (NDC) has increased the prices of fossil fuels on Monday, December 6, 2010 provoking widespread protests throughout Nepal. Students, consumer associations, businesspersons and transport workers throughout the country have come out strongly against the rise in prices of fossil fuels.
On December 9, 2010, parliamentary Committee on Finance and Labor Relations has asked the NOC officials to reform its internal management, plug leakages and adopt scientific price adjustment policy before adjusting fuel prices in the future, myrepublica.com writes. The NOC officials have argued that the rise in the international prices of fossils is the reason for increasing the prices of fossil fuels in Nepal, and the NOC has been bearing a huge loss every month. However, the widespread belief is that the main reasons for the NOC making loss is entirely due to the mismanagement and the corruption taking place from the minister down to the lowest level of the NOC.
In a press statement released today, spokesperson for UCPN-Maoist Dinanath Sharma has demanded that the government revoke the rise in prices of fossil fuels immediately otherwise it will need to face the people’s wrath; he has also blamed the corruption at the NOC for the frequent increase in the prices of the petroleum products, and has demanded to investigate into the leakages and corruption and plug all loopholes of leakages ‘The Himalayan Times’ online and nepalnews.com report.
Speaking to reporters at the Biratnagar Airport today, Minister for Commerce and Supplies Rajendra Mahato has said that the prices of petroleum products have increased after the government has imposed VAT on cooking gas and 'road tax' on petrol and diesel; so, the rise in prices of petroleum products will stay unless the government rollbacks the tax, nepalnews.com reports.
