AGL 37.01 Decreased By ▼ -0.99 (-2.61%)
AIRLINK 132.60 Decreased By ▼ -4.09 (-2.99%)
BOP 5.51 Increased By ▲ 0.09 (1.66%)
CNERGY 3.79 Decreased By ▼ -0.04 (-1.04%)
DCL 7.48 Decreased By ▼ -0.11 (-1.45%)
DFML 44.81 Decreased By ▼ -1.24 (-2.69%)
DGKC 81.20 Increased By ▲ 0.85 (1.06%)
FCCL 28.65 Increased By ▲ 0.62 (2.21%)
FFBL 54.75 Decreased By ▼ -0.46 (-0.83%)
FFL 8.55 Decreased By ▼ -0.03 (-0.35%)
HUBC 107.90 Decreased By ▼ -4.75 (-4.22%)
HUMNL 13.56 Increased By ▲ 1.23 (9.98%)
KEL 3.81 Decreased By ▼ -0.04 (-1.04%)
KOSM 7.04 Decreased By ▼ -1.03 (-12.76%)
MLCF 36.25 Increased By ▲ 1.14 (3.25%)
NBP 67.30 Increased By ▲ 1.30 (1.97%)
OGDC 169.49 Decreased By ▼ -1.67 (-0.98%)
PAEL 24.88 Decreased By ▼ -0.30 (-1.19%)
PIBTL 6.15 Decreased By ▼ -0.05 (-0.81%)
PPL 130.70 Decreased By ▼ -2.15 (-1.62%)
PRL 24.50 Increased By ▲ 0.10 (0.41%)
PTC 15.77 Increased By ▲ 1.25 (8.61%)
SEARL 57.80 Decreased By ▼ -1.15 (-1.95%)
TELE 6.99 Decreased By ▼ -0.10 (-1.41%)
TOMCL 34.73 Decreased By ▼ -0.27 (-0.77%)
TPLP 7.70 Decreased By ▼ -0.39 (-4.82%)
TREET 13.96 Decreased By ▼ -0.34 (-2.38%)
TRG 44.25 Decreased By ▼ -1.34 (-2.94%)
UNITY 25.15 Decreased By ▼ -0.84 (-3.23%)
WTL 1.18 Decreased By ▼ -0.02 (-1.67%)
BR100 9,082 Decreased By -1.8 (-0.02%)
BR30 27,380 Decreased By -251 (-0.91%)
KSE100 85,483 Increased By 30.2 (0.04%)
KSE30 27,160 Increased By 10.7 (0.04%)

Activists torched dozens of vehicles and attacked a senior politician in Kathmandu on Saturday in protest against an increase in prices of petroleum products, police and witnesses said. Police used batons to break up protests as hundreds of people also burned tyres and stopped traffic in the city, a police officer said.
Dozens of protesters threw rocks and broke window panes of the home of Madhav Kumar Nepal, head of the Communist Party of Nepal (UML), the second biggest group in the multi-party government. But the leader was unhurt, his family said.
Activists in the city, home to 1.5 million people, demanded the multi-party government - formed in April after King Gyanendra was forced to relinquish power - roll back the increase which was announced late on Friday.
The interim government raised retail prices of petroleum products by up to 38 percent saying it was necessary to cut the losses of Nepal Oil Corporation (NOC), the state-owned oil importing monopoly.
Eight unions considered close to the Maoist rebels, including those of students, labourers, peasants, women and teachers, warned the government of more protests if it did not revoke its decision.
"The government has once again taken an anti-people step. There is still time to reduce the price immediately and correct the mistake," they said in a joint statement.
"Withdraw the price increase. We don't accept it," shouted protesters, mainly student activists, as traffic on major roads in the temple-studded city came to a standstill.
They said higher fuel prices would increase transport costs for food and other commodities in the landlocked mountainous nation, which largely depends on road links.
"The government is not sensitive about the problems of the common people," said Basu Acharya, a student activist, standing near black smoke from burning tyres in front of a Kathmandu college. Dozens of riot police stood nearby but did not intervene.

Copyright Reuters, 2006

Comments

Comments are closed.