Agency, Kathmandu.
Published by: Dev Kashyap
Updated Tue, 22 Feb 2022 02:19 AM IST
Summary
Madhav Timalsina, president of Consumer Rights Inquiry Forum in Nepal, said inflation is rising due to rising fuel prices and the upcoming elections will cause a headache for the government.
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Madhav Timalsina, president of Consumer Rights Inquiry Forum in Nepal, said inflation is rising due to rising fuel prices and the upcoming elections will cause a headache for the government. In this situation, the manufacturers and traders, protected by political parties, compromise on the quality and prices of food products, which is increasing public anger, he said. In the first five months of the current financial year (2021-22), the country’s inflation has reached 7 per cent.
Last Saturday, state-owned Nepal Oil Corporation increased the prices of petrol, diesel and kerosene by Rs 3 per liter, taking petrol prices to record levels, the report said. Not only this, the country has also witnessed negative economic growth rate of 2.1 per cent in 2019-20 for the first time in four decades.
Expansion
Madhav Timalsina, president of Consumer Rights Inquiry Forum in Nepal, said inflation is rising due to rising fuel prices and the upcoming elections will cause a headache for the government. In this situation, the manufacturers and traders, protected by political parties, compromise on the quality and prices of food products, which is increasing public anger, he said. In the first five months of the current financial year (2021-22), the country’s inflation has reached 7 per cent.
Last Saturday, state-owned Nepal Oil Corporation increased the prices of petrol, diesel and kerosene by Rs 3 per liter, taking petrol prices to record levels, the report said. Not only this, the country has also witnessed negative economic growth rate of 2.1 per cent in 2019-20 for the first time in four decades.