Kathmandu, May 24
As the fuel prices keep on increasing, you might have already understood that one of the reasons is the high fuel taxes levied by the government.
Apparently, the fuel prices are quite high as the government collected Rs 92.78 billion in the past 10 months.
Following the recent fuel price hike on Sunday, the Nepal Oil Corporation, the government-run fuel distribution monopoly, has to pay Rs 63.23 in taxes to the government for a litre of petrol. Likewise, the corporation has to pay in taxes Rs 45.91 for a litre of diesel and Rs 13.66 for a litre of kerosene.
Meanwhile, the new fuel tax rate for a cylinder of cooking gas is Rs 327.27.
Whereas the government is under the pressure from consumer rights activists and other stakeholders to reduce tax rates, the Ministry of Finance is not ready yet, according to an official.