The government of Nepal has once again been forced to reduce the fuel prices less than a week after the decision to hike them.
A Nepal Oil Corporation board meeting held on Saturday made a decision to cut down the price of petrol by Rs 20 per litre and diesel and kerosene by Rs 29 per litre, according to the corporation. Earlier, a meeting of the top leaders of the ruling alliance this morning had urged the corporation to roll back its decision to hike the fuel prices.
The new tariff will come into effect after Saturday midnight, and a litre of petrol and diesel/kerosene will be available for Rs 179 and Rs 163 respectively, according to the officials.
Just on Sunday (June 19), the government hiked their prices to Rs 199 and Rs 192 respectively from the existing Rs 178 and Rs 165 respectively. The decision was widely protested.