Tuesday, August 30, 2005

SC Fiat on Petro Price Hike

Kathmandu, Aug 29-The Supreme Court on Monday ordered the government to attend before the apex court to participate in a hearing to decide whether or not to issue a stay order against the government's recent decision to hike the price of petroleum products.
A single bench of justice Arjun Prasad Singh issued the order following a hearing on the writ petition filed by advocate Chandra Kanta Gyawali against the price hike. Gyawali had claimed that the government has hiked the price without properly analysing the economic situation in the country.
The bench also ordered the Cabinet Secretariat, the Ministry of Industry, Commerce and Supply and the Nepal Oil Corporation to appear before the apex court within seven days.

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