२०७९ साल असार २० गते सोमबार

तपाईँ सुन्दै हुनुहुन्छः

Fuel price hike due to international causes: Supplies Minister Badu

Radio Nepal 27 May, 2022 3:57 pm

Kathmandu: The government has said the domestic rise in the price of petroleum products is for the same reason in the international market as the fallout of the Russia-Ukraine war.

Stating that the government-owned Nepal Oil Corporation (NOC) has been buying fuel as per the agreement reached between Nepal and India, Minister for Industry, Commerce and Supplies Dilendra Prasad Badu said petroleum products worth more than 100 billion have been imported in the 10 months of the current fiscal year as compared to the last fiscal year.

Taking time from the Speaker at the outset of the House of Representatives meeting today, he informed the parliament that 2.38 billion litres of petroleum products and 68 metric tonnes of cooking gas have been purchased in the ten months of the current fiscal year, 2021/22.

He said the meeting of the Council of Ministers on May 24 decided to adjust the tax and a proposal to this effect was under consideration at the Ministry of Finance. Minister Badu also informed the parliament that a high-level task force has been formed for the promotion of electric vehicles.

The National Planning Commission (NPC) vice-chair is the coordinator of the task force while the representatives from the stakeholder bodies are its members.

The talk of privatization of NOC totally false The Minister for Commerce and Supplies refuted the propaganda that the government was planning to privatize NOC, saying it is cent per cent false. He also urged not to spread false propaganda.

“The talk that the import, sale and distribution of petroleum products are being given to the private sector is false,” he reiterated. The Minister said the NOC was being made better-managed and systematic

. He stressed that the government has forwarded the process with the objective of facilitating the imports through financial and managerial reforms in the NOC.

Related Posts