Oil price goes up again !!!

The Nepal government headed by the Nepali Congress has pleased the oil dealers of Nepal by increasing the petroleum oil and cooking gas prices once again. Economic experts claim that the government raises an annual tax of more than eight billion rupees from the sale of oil to people. This is the amount that can adjust the irregularities in the oil market. Compared to the per capita income of Nepalis , the market prices are 100-500 percent higher and they de-humanize people’s living standards though the ruling elites and a large number of domestic and foreign illegal money-amassers do not feel affected at all. So far oil dealers of Nepal have de facto been been running the government-owned Nepal Oil Corporation, one of the leading corrupt corporations from where many government officials and private blackmarkeeters hugely benefit.
The pricing system of oil in Nepal is nontransparent. Most of the people, including both political leaders and journalists, do not have any idea of how the petroleum products are priced. Out of this nontransparency, many doubt that there is some kind of secret compromise between the brokers of Indian Oil Corporation, Nepal Oil Corporation and oil dealers. It is usually said that even a single oil dealer can easily manipulate the state-owned oil corporation that is equipped with the authority
In response to the oil price hikes, thousands of Nepali students affiliated with Maoists and few other different political parties on Thursday protested in the streets of Kathmandu. Similarly, transport enterprenuers have also criticized the hike.