RealNews

Nepal rolls back fuel price hike after protests

Nepal rolled back a steep rise in fuel prices on Wednesday after two days of anti-government protests disrupted life in much of the Himalayan nation ahead of national elections, a spokesman said. The state-owned Nepal Oil Corporation (NOC), which has a monopoly over oil imports, had increased kerosene, cooking gas and diesel prices by up to 20 percent on Monday to cut its losses and attempt to minimise fuel shortages. Full Story

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