Nepal Raises Petrol Prices Amid Rising Global Fuel Costs Linked to West Asia Tensions

Nepal's state-owned Nepal Oil Corporation has increased petrol prices by up to NPR 15 per litre and diesel and kerosene by NPR 10 per litre, citing rising international fuel prices amid escalating tensions in West Asia. The conflict has disrupted global oil supplies, impacting import costs for Nepal, which relies entirely on imported petroleum products from the Indian Oil Corporation. Economists warn that the hike may raise transportation costs and contribute to inflation amid ongoing supply concerns.