Nepal Truck Transport Federation Protests Sharp Fuel Price Hike

Kathmandu. The Federation of Truck Transport Entrepreneurs of Nepal has expressed strong objection to the recent hike in petroleum prices. The Federation stated that the price adjustment, attributed to rising crude oil costs in the international market due to conflicts in the Gulf region, will have a negative impact on the transport sector and overall public life.

In a statement issued on Friday by General Secretary Badri Prasad Chaulagai, the Federation noted its serious concern regarding the decision made public by the Nepal Oil Corporation on 2082 Chaitra 19. The Corporation claims that tensions between the US, Israel, and Iran have affected the production and supply of petroleum products from the Gulf, directly impacting the Nepali market.

The statement mentions that the price hike has angered consumers and will directly affect the transport sector. The Federation reminded authorities of a prior written agreement between the Department of Transport Management and the Federation, which mandates that truck fares be adjusted automatically whenever fuel prices fluctuate by more than 5 rupees per liter based on a scientific pricing system.

The Federation has demanded that the relevant authorities automatically adjust truck fares according to this scientific system following the diesel price hike. They argue that with the current failure to effectively implement fare rates, it is difficult for entrepreneurs to operate services at old rates when fuel costs rise.

The Federation also complained that the scientific fare adjustment system implemented since 2065 has not been effectively enforced. Expressing dissatisfaction that fares have not been reviewed since 2081 Poush 22, they have demanded that the government immediately withdraw the price increase.

Meanwhile, the Nepal Oil Corporation has increased the price of petrol, diesel, and kerosene by 15 rupees per liter, effective from Thursday. Under the new rates, the price of petrol in Kathmandu, Pokhara, and Dipayal has reached 202 rupees per liter, while diesel and kerosene are now priced at 182 rupees.

Previously, on 1 Chaitra, prices were increased by 15 rupees per liter, bringing petrol to 172 rupees and diesel-kerosene to 152 rupees in Kathmandu. Subsequently, on 12 Chaitra, prices were raised by another 15 rupees, reaching 187 rupees for petrol and 167 rupees for diesel-kerosene.