Due to the conflict in Libya, the demand for fuel has increased. This fuel is not only used for vehicles, due to their daily extended power outages.
The Nepal Oil Corporation is also having trouble meeting the demand due to the fact that it owes over $50 million to India. The Nepalese government is attempting to put together a loan in order to pay off this debt. The government feels that the best way to pay off this loan is raise the price of oil and is opening talks on this subject this week.
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