Nepalese fuel distributors and liquefied petroleum gas dealers facing accusations of illegal hoarding and price manipulation could soon lose their operational permits under new strict regulatory measures.
The Parliamentary Industry, Commerce, Labor, and Consumer Interest Committee directed government bodies to execute maximum statutory penalties against non-compliant entities, including the permanent cancellation of licenses for petrol stations, transport tankers, and LPG vendors.
Presiding over a stakeholder discussion in Singha Durbar on essential daily commodity management, Committee Chairperson Rahabar Ansari instructed market monitoring authorities to bring offenders to justice without compromise.
To strengthen legal enforcement, Chairperson Ansari mandated the Ministry of Industry, Commerce, and Supplies along with its subordinate departments to draft dedicated petroleum legislation alongside specialized anti-black-marketing bills.
The parliamentary directive extends beyond petroleum products to food safety standards. Regulators received immediate instructions to crackdown on commercial kitchens and restaurants mixing harmful chemical agents into palm oil during food preparation.
