Fuel prices kept unchanged ahead of festivals

Officials in Kathmandu announced that the retail selling prices for petroleum products will remain unchanged. The decision was taken by the Nepal Oil Corporation to support the general public during the festive season. A fresh purchase rate was received from the Indian Oil Corporation, but authorities chose not to pass any increases onto consumers. The corporation emphasized that the well-being of buyers and the arrival of upcoming celebrations were primary factors in maintaining the current rates. Despite receiving updated pricing figures from suppliers, the organization opted to absorb the difference rather than adjust the retail tariffs across the market. The announcement was made public from Kathmandu, detailing the strategy to shield citizens from market fluctuations. Stakeholders noted that maintaining these retail figures helps preserve consumer purchasing power during traditional holiday periods.