KATHMANDU, Oct 17: Nepal Oil Corporation (NOC) has again not adjusted the price of petroleum products. Even though new prices are coming from India ona regular basis, the corporation has not adjusted the prices under the pretext of past losses.
KATHMANDU, July 4: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products again. NOC increased the price of petrol by Rs 9 per liter and diesel/ kerosene by Rs 2 per liter with effect from Monday midnight.
KATHMANDU, June 21: A group of students belonging to All Nepal National Independent Students Union- Revolutionary (ANNISU-R) affiliated to the CPN (Maoist Center) staged protests against recent hike in the prices of petroleum products on Tuesday. The agitating students staged a torch rally in front of Ratna Rajya Laxmi Campus in Kathmandu on Tuesday.
KATHMANDU, June 10: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products. The increment was made after the NOC failed to pay the regular installment to Indian Oil Corporation (IOC)-- the sole supplier of petroleum products.
KATHMANDU, June 2: The Indian Oil Corporation (IOC) that supplies petroleum products to Nepal has sent increased prices of petroleum products to Nepal as consumers continue to be hit hard by the rising prices. This comes barely a week after Nepal Oil Corporation (NOC) increased the prices of petroleum products in line with the price list sent by the IOC.
KATHMANDU, May 27: The government has decided to reduce the infrastructure tax on petroleum products. A Cabinet meeting held on Friday decided to provide relief to the consumers by reducing the tax being levied on petroleum products.
KATHMANDU, May 24: A delegation of 15 student unions today called on Minister for Industry, Commerce and Supplies, Dilendra Prasad Badu, drawing the government's attention to the fresh rise in the prices of petroleum products. During the meeting, they handed a memorandum toward this end to the minister.
KATHMANDU, May 23: Nepal Oil Corporation (NOC) incurred a loss of Rs 47 billion in the last 10 months. The corporation reports that the loss has been caused by the persistent rise in the price of petroleum products in the international market.
KATHMANDU, May 23: National Assembly member Bhairav Sundar Shrestha has said that the government has failed to give the impression of being a government by increasing the price of petroleum products.
KATHMANDU, April 17: The price of lemon has increased more than double in one month in the Nepali market. According to the Kalimati Fruits and Vegetable Market Development Board, the price of lemon, which was being sold at Rs 190 per kg in mid-March, has reached Rs 400 per kg today. The price of a piece of lemon has reached Rs 20 in the market.
KATHMANDU, March 29: Nepal Oil Corporation (NOC) has proposed declaring a public holiday on Sunday. The corporation has written a letter to the government, proposing giving one more day off to reduce fuel consumption by reducing the use of public and government vehicles.
KATHMANDU, March 13: In a bid to save face from the growing criticism, Nepal Vegetable Ghee and Oil Manufacturers’ Association (NVGOMA) has said that the current hike in prices of edible oils is due to the rise in prices of raw materials in the international market.
LONDON, March 6: Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.
KATHMANDU, March 3: With the sharp rise in the prices of Brent crude oil in the international market as a result of Russia's invasion in Ukraine, the Nepal Oil Corporation (NOC) has decided to hike the prices of petrol and diesel by Rs 5 per liter.
SINDHULI, Nov 12: Members of National Youth Federation Nepal and All Nepal National Free Students' Union (ANNFSU), Sindhuli Chapter burned an effigy of Prime Minister Sher Bahadur Deuba to protest against the recent decision of the government to hike the prices of petroleum products.
KATHMANDU, Oct 2: The state-owned Dairy Development Corporation (DDC) has hiked the price of ghee by Rs 100 per liter at a time when Dashain and Tihar, two of the major festivals of Hindus, are around the corner.
KATHMANDU, Sept 16: The price of refined oil has gone up in Nepal due to the rise in the price of crude oil in the international market owing to COVID-19, according to Nepal Vegetable Ghee & Oil Manufacturers' Association.
KATHMANDU, Feb 25: Onion price that had remained stable for the past two months has started to rise again in the domestic market amid soaring price of the agricultural product in India, the main import source country for Nepal.
KATHMANDU, Feb 4: Traders have expressed their readiness to gradually reduce the market prices of edible oil as the prices of the raw materials used for this product has started falling down in the international market.
KATHMANDU, March 1: Nepal Students' Union (NSU), the student wing of Nepali Congress, has staged demonstration across the country on Sunday, putting forth various demands including withdrawal of price hike on petroleum products and cancellation of 10 per cent tax imposed on books, among others.
KATHMANDU, Jan 8: Weak market inspection has once again given the unscrupulous traders leeway to profusely raise the price of essentials, as seen in the recent price hike of edibles by up to Rs 100 per kg.
The market is getting crowded. People are in buying spree for Dashain. And this is the time that shopkeepers tend to suddenly increase the price of everything. Price of essential goods like rice, lentils, oil, sugar and vegetables have already gone up. Their demand will increase in the coming days and weeks. In the absence of effective monitoring from the government, shopkeepers will go on a price hike war.
KATHMANDU, Nov 21: The parliament’s Public Accounts Committee (PAC) has endorsed the report submitted by a sub-committee, which among others, calls for an investigation into the recent artificial price hike of sugar, particularly during the festival season.