Transport entrepreneurs urge government to revise fuel price

KATHMANDU: Transport entrepreneurs have demanded the government adjust the prices of petroleum products in the domestic market as per its falling prices in the international market. Issuing a press statement on Wednesday, Federation of Nepalese National Transport Entrepreneurs (FNNTE) reminded that the Indian Oil Corporation (IOC), the supplier of petro products to Nepal, has lately reduced the prices twice while the Nepal Oil Corporation (NOC) has not revised the pricelist in line with its supplier. "The public transport sector which has greatly suffered an economic loss due to Covid 19 pandemic has to clamour for the adjustment of fuel prices instead of getting a relief for the loss," the press statement adds. Federation Chair Bijay Bahadur Swar said transport entrepreneurs are largely affected by the unexceptional rise in motor vehicle tax, bank interest, route permit charge, vehicle-test insurance and motor engines. The price should be quickly revised as per the international market. FNNTE said the government should resume 60% discount facility in tax, route permit, and vehicle-test that transport entrepreneurs were getting for providing concessions for students, people with disabilities and senior citizens which have been suspended presently. READ ALSO:

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