Gas flows to Europe won’t resume until sanctions lifted: Russia

The Kremlin has said that the Russian gas supplies to Europe will not resume until Western sanctions against Moscow are lifted.

Dmitry Peskov, the Kremlin spokesman, said that sanctions were the sole reason behind Russia’s decision to shut the Nord Stream pipeline. Moscow initially said it was shutting the pipeline for maintenance.The Nord Stream pipeline is the single biggest gas pipeline carrying gas between Russian and western Europe.

EU officials have repeatedly accused Russia of intentionally reducing the flows in retaliation for Western sanctions. The United States has also accused Russia of using energy as a weapon, adding though that Europe will have enough gas to face the winter months.

French President Emmanuel Macron said the EU needs to step up plans for renewable energy products and to reform its electricity market.

Meanwhile, energy prices have hit new highs,forcing countries to accelerate their search for alternatives to Russian gas.

Price of fuel gone up again


Nepal Oil Corporation has again increased the price of petroleum products.


Nepal Oil Corporation has stated that the price of petroleum products will be increased with effect from 12 midnight today. The corporation has announced a price hike of Rs 2 per liter on petrol, Rs 9 per liter on diesel and kerosene and Rs 5 per liter on domestic aviation fuel.


According to the price hike, the price of petrol has gone up to Rs 181 per liter, diesel and kerosene to Rs 172 per liter and domestic aviation fuel to Rs 190 per liter.

Hike on fuel price

Nepal oil corporation has increased the price of fuel with effect from midnight on Thursday.
Petrol price has gone up by Rs 8 per liter and kerosene and diesel by Rs 12 per liter, according to the Nepal Oil Corporation.
The board of directors of the corporation has decided to increase the price saying that the price of fuel has increased in the international market and the arrears due to the Indian Oil Corporation have piled up.

Now, a liter of petrol will cost Rs 178 while kerosene and diesel will cost Rs 165. Even after price adjustment, the corporation claims a loss of Rs 24.70 on petrol and Rs 18.01 on diesel.