Cooking Oil and Rice Prices Surge in Nepal Ahead of Elections, Prompting Regulatory Scrutiny

Kathmandu. The prices of rice and edible oil have increased in the market just before the elections. The Department of Commerce, Supply and Consumer Protection stated that complaints have been received regarding edible oil prices rising by up to NPR 500 per carton. Similarly, complaints indicated that rice prices have increased by up to NPR 100 per sack.The Department of Commerce, Supply and Consumer Protection has initiated monitoring following complaints of unnatural price hikes in rice and edible oil, the department announced.According to an official from the department, the MRP for a bottle or carton of oil is NPR 290,...