Stories By 'Rajesh Khanal'
The price of sugar rose sharply in the local market after the government imposed import quotas on the daily essential despite assurances by domestic mills that prices would not go up.
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Gasoline lines returned in Kathmandu on Thursday due to a disruption to fuel supplies after tanker drivers went on strike to show solidarity with drivers of public vehicles who have launched a countrywide protest against an amendment to the Criminal Code. Fuel deliveries have stopped from Wednesday, spreading panic among motorists.
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The Nepali market for electric vehicles (EVs) has been growing at a steady pace. With the denizens of Kathmandu becoming more and more concerned about the growing pollution rate in the valley, the sales of EVs has picked up tremendously, say automobile dealers.
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The government’s aim of achieving this year’s target of inflation rate and economic growth seems like a pipe dream as the government tackles soaring petroleum prices and the strong US dollar, said economists.
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On Friday, trade experts and freight forwarders welcomed news of the finalisation of the protocol to implement the Nepal-China Transit and Transportation Agreement, but with a little caution.
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Nepal Oil Corporation’s (NOC) announcement about mounting monthly losses is a broad hint about an impending price hike, analysts said.
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