Kathmandu: Transport entrepreneurs have demanded the government adjust the prices of petroleum products in the domestic market as per its falling prices in international market.

Issuing a press statement today, 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 release adds.

Federation Chair Bijay Bahadur Swanr 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.