Rising Global Tensions Trigger Inflationary Fears in Nepal

Kathmandu. The ripples of escalating conflict in West Asia have reached Nepali kitchens. As tensions mount between the United States, Israel, and Iran, global crude oil prices have skyrocketed.Petroleum products have seen a sharp price hike, and other commodities are experiencing a gradual increase in costs. The Nepal Oil Corporation has raised fuel prices three times in less than a month and has warned of further increases.The public is gripped by fear due to rising inflation. Prices of everything from transportation to food and clothing are soaring.In the month of Chaitra, the Oil Corporation has increased petroleum prices three times....