Nepalese protest against fuel price

Police rescue the country's chief justice after protesters hurl stones at his car.

    Demonstrators blocked traffic, damaged vehicles and confronted police

    Police pushed back the protesters and Giri's guards safely removed him from the car.

    Giri was unhurt, but his vehicle was damaged, Sarvendra Nath Khanal, Katmandu police chief, said.

    Soaring prices

    Nepal Oil corporation, the state-owned oil import and distribution monopoly, raised oil product prices last week, saying it was necessary to reduce its losses and increase supplies.

    The pump price of petrol rose by 25 per cent to $5.70 per gallon, while diesel went up 25 per cent to $3.80 a gallon.

    Nepal Oil said it had recently been losing up to $39 million per month due to the rapid rise in global oil prices.

    The company predicted the retail price increases would reduce its monthly losses to about $25 million.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.