Students up in arms against NOC’s decision to hike fuel prices
Students affiliated to various political parties and organisations have staged demonstration in front of government colleges in the capital on Wednesday against hike in prices of petroleum products.
The student unions enforced vehicular strike in front of government campuses for one hour from 8 to 9 this morning against the state-owned NOC’s decision to raise the prices of petroleum products twice in one month (NOC had increased petro prices on August 10 this year).
Transportation was affected in major roads and thoroughfares in the capital including Pradarshini Marg, Putalisadak and Chabahil area due to the hour long vehicular trike.
Students leaders of Nepali Congress affiliated Nepal Students Union (NSU) and UCPN (Maoist) aligned All Nepal Independent Students Union-Revolutionary said they would be forced to announce further protest programmes until the government decides to roll-back the decision to hike fuel prices.
As per the decision of NOC board meeting held late Tuesday evening, petrol will now cost Rs 130 per litre, Rs 5 more than the price set recently on 10 August this year. Prices for diesel and kerosene per litre have been changed from Rs 100 to Rs 103. NOC has also raised the price of aviation fuel by Rs 7 to Rs 137 per litre.
NOC officials said that decision was made because of rising international petroleum prices, increased value of dollar and NOC’s own loss projection.
Based on the prices set on 10 August, NOC had projected a loss of Rs 1.62 billion for September. However, prices of LPG cylinders and international aviation fuel have not been hiked. nepalnews.com