Show Cause on Price Hike

Kathmandu, Feb 24- The Supreme Court on Thursday issued show cause notices to the government and the Nepal Oil Corporation, seeking explanation on the recent hike in prices of petroleum products and the new arrangement that authorises the private sector to fix the prices.

A single bench of Justice Badri Kumar Basnet was responding to a public interest litigation against the price hike that was filed in the Supreme Court on Thursday. Lawyers Jyoti Baniya and Anuttam Uprety had filed the petition representing the Consumer Protection Forum on February 21.

The petitioners sought the apex court order to the authorities to immediately scrap their decision to authorise the private sector to fix the prices.