Nepal's Development Projects and Industries Face Crisis Due to Global Oil Price Volatility and West Asian Conflict

Kathmandu. Major development projects and manufacturing industries in Nepal have fallen into serious crisis due to the ongoing conflict in West Asia and fluctuations in international petroleum prices.

According to data from the Department of Customs, approximately 300 billion rupees were spent on the import of major fuels alone in the first 10 months (Shrawan-Baishakh) of the current fiscal year 2082/83.