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

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The War in October: What Happened in 1973?

    The War in October: What Happened in 1973?

    Al Jazeera examines three weeks of war from which both Arabs and Israelis claimed to emerge victorious.