Cooking oil and rice prices rise in Nepal as authorities move to curb hikes

Prices of essential commodities, particularly cooking oil and rice, have surged across Nepal, putting pressure on household budgets. Cooking oil prices have increased by Rs 40–50 per litre to around Rs 280, while rice prices have risen by Rs 10–15 per kilogram. The Nepal Retailer Association said retailers are not responsible for the hikes, citing increased production costs, a stronger US dollar, import expenses and election-related demand. The Department of Commerce, Supplies and Consumer Protection has summoned major producers and distributors, warning of legal action against unfair pricing practices under consumer protection laws.