West Asia Conflict Impacts Nepali Market, Fuel Price Hikes Raise Fears of Food Shortages

Kathmandu. The ongoing conflict in West Asia is beginning to have a direct impact on the Nepali market. Due to supply issues and rising prices of petroleum products caused by the conflict, consumers have started purchasing and stocking up on excessive amounts of food due to fears that a crisis in food supplies might occur.

Businessmen stated that consumers are engaging in unusually high purchasing due to fears that the prices of essential goods such as rice, oil, sugar, and lentils will increase and shortages may occur, as an increase in petroleum prices will inevitably lead to higher fares for transportation and increased shipping costs.