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Nepal police fire teargas to break up fuel price protests

Nepal police fire teargas to break up fuel price protests

24 Sept 09:53 Key points summarised by AI
  • Nepali police deployed teargas and charged at student protesters in Kathmandu demonstrating against recent fuel price hikes.
  • State-owned Nepal Oil Corporation increased petrol and diesel prices by 12% and 16% respectively, sparking public discontent and fears of broader inflation.
  • The government justified the price hikes, citing rising global oil prices and the need to cover losses for the state oil monopoly, as the country faces a six-year high in retail inflation.
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