Why fuel prices have been rising and rising in Nepal

Nepal imported Rs164 billion worth of petroleum products in the last fiscal year ended mid-July.

Gasoline prices have been going up and up. In the past one year, petrol has become dearer by Rs25 per litre in the Kathmandu Valley, surging from Rs96 to Rs121 per litre. Diesel and kerosene now cost Rs104 per litre, increasing by Rs19 from Rs93 per litre a year ago.