August 23: The Federation of Nepalese National Transport Entrepreneurs-FNNTE has urged the government to adjust the prices of the petroleum products on the eve of the festivals. Issuing a press statement on Tuesday, FNNTE urged the government to ensure a respite to the people during the time of festival as they are hit hard by the skyrocketing prices of petroleum products.    
The federation wants the government to slash the petro prices in line with the falling prices in the international market.

"The Nepal Oil Corporation goes with the old price list when the prices fell three times in the international market," the federation said in the statement.    
“It is unfortunate to have the unchanged price list despite the fall in international prices. The public transport sector which greatly suffered economic loss due to the COVID-19 pandemic has to clamour for the adjustment of fuel prices instead of getting a relief for the loss," the press release added.    
Chairperson of the federation 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 prices. -- RSS