Why Petrol is so expensive in Nepal?

*UPDATE 6: 25th June 2022: After the price roamed around 200, the government has not reduced the petrol price by Rs 20. It's 179 per liter now. But as things stand, the problem is not solved yet. Global prices are still up. Government can reduce taxes to make it even cheaper right now. But its a relief from 199. https://ekantipur.com/news/2022/06/25... * When I first started researching for this video a month ago, the petrol price was Rs. 139. While video-editing, it rose to Rs. 142 and now when releasing this video, the price has already escalated to Rs. 145. Six rupees might seem less, but this change over a month equals 52% per annum increment, which is four times more than the loan interest rate the government offers. This increasing trend clearly shows where the Oil Prices are headed to in the near future. Why it is so, however, is more complex. Can Nepali government do anything? Or are we doomed to face the worst? *I have intentionally excluded the Russia- Ukraine Crisis, which might fuel the rising prices to a whole new level but its a complete different rabbit hole and it would not have been possible to put everything up in a single video. However, the other major reason are discussed in the video. Lets connect : If you are facebook type:   / dipesh.tripathi.35   If you are twitter type:   / nepalicomment   If you are instagram type:   / dipesh.trip   If you are interested to know more about me, watch my story at Storyyellers called " 84 Pages of Disappointment"    • Mr. Dipesh Tripathi (Student,Prime College...   Sources: [http://noc.org.np/fortnightly] [https://kathmandupost.com/money/2022/...] [https://thehimalayantimes.com/nepal/n...]( [https://economictimes.indiatimes.com/...] [https://kathmandupost.com/money/2021/...] [http://country.eiu.com/article.aspx?a...] [https://www.nrb.org.np/contents/uploa...] [https://www.researchgate.net/publicat...] [https://qz.com/2115735/opec-countries...] [https://www.investopedia.com/articles...] [https://theprint.in/economy/prolonged...] [https://oilprice.com/] [https://www.reuters.com/world/america...] [https://kathmandupost.com/money/2014/...] This video features materials protected by the Fair Use guidelines of Section 107 of the Copyright Act for the use of criticism, comment, reporting and teaching. All the footage belong to their respective owners. Videos from: CNBC Television Galaxy 4k AP1HD Prime HD Bloomberg Market and Finance AlJazeera Engilish Business Standard Vox WION Discovery Science TRT World Indian Oil Corporation