KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has yet again increased the prices of petroleum products. The price of petrol, diesel and kerosene has been increased by Rs 2 per liter each with effect from Wednesday.
Indonesia will raise the minimum price of cigarettes by more than a third from January next year, a finance ministry spokesman said on Friday, as part of the government’s efforts to reduce smoking rates.
ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said.
With an annual inflation rate now projected to be 10,00,000%, Venezuela is experiencing extreme ‘hyperinflation’. India, in comparison, has an annual inflation rate (CPI) of just 4.87%, which means prices double every 14.6 years.
KATHMANDU, June 24: Price of vegetables has gone up significantly over the past week. While retailers attribute the price hike to erratic supply in the market due to monsoon rains, officials of Kalimati Fruits and Vegetable Market Development Board say price has gone up as traders are keeping high profit margin.
KATHMANDU, June 21: The price of mangos in the Nepali market has fallen by 16.5 percent this year compared to last year. A comparison of price of mangos at the Kalimati Fruits and Vegetable Market suggests that the average price of mangos has fallen by Rs 16 per kilogram in the third week of June than the cost of the fruit in the same period last year.
LUCKNOW, INDIA, May 30: As fuel prices have risen to historic highs, people living along the Indo-Nepal border areas of Uttar Pradesh have found out a new way to cope with the fuel prices: they are smuggling in petrol and diesel from neighbouring Nepal.
KATHMANDU, May 19: The price of vegetables in the Nepali market has grown by a whopping rate according to the Nepal Rastra Bank (NRB). A report published by the NRB suggests that the vegetable prices have risen significantly by 24.7 percent in the first nine months of this fiscal year.
KATHMANDU, May 16: Nepal Oil Corporation (NOC) has increased the prices of petroleum products on Wednesday again 13 days. Before this NOC increased fuel prices on 3rd May, April 16, February 19, February 2.
KATHMANDU, Jan 24: After the government six days ago declared several towns as capitals of the provinces, land prices in those capitals have skyrocketed within a short period of time. Surkhet, Dhangadhi and Janakpur among other towns have seen up to four-fold rise in the prices of land.
KATHMANDU, Jan 20: The price of fruits and vegetables in the Nepali market is generally at a higher end throughout the year. While the consumers in the capital and other cities often complain about the high price of fruits and vegetable, the case of farmers producing vegetables is different as they make only nominal money despite the hard work they put into their products.
KATHMANDU, Dec 15: Laxman Parajuli, a vegetable farmer of Mandan-Deupur Municipality of Kavre sends his produce, mostly tomatoes, to Kalimati market every alternate day. But he does not how much his produce fetches as traders themselves fix the price. When Parajuli called the trader over the phone the next day, he found out his tomatoes will fetch him Rs 1,400 to Rs 1,500 per crate (25 kg).
KATHMANDU, Nov 14: Farmers in Bhaktapur sell one kilo of big tomatoes to middlemen at Rs 60, while the same tomatoes cost Rs 115 per kilo at Kalimati retail market in Kathmandu, according to farmers and traders Republica talked to. Red potatoes fetch Rs 32 a kilo for Bhaktapur farmers and are sold at Rs 55 at Kalimati retail market.
KHOTANG, Nov 7 : Farmers of Khotang have been keeping cardamom stored in their houses since the last three years as they are not getting suitable price in the market. Though the production is increasing every year the market price of cardamom is going down, so farmers have chosen to store their product waiting for price to increase.
Sangram Rai from Sakela Rural Municipality of Khotang has been storing cardamom since the past three years. “All the produced cardamom has been stored as the price of cardamom declined awfully,” said Sangram Rai, owner of Dandakharka Multipurpose Agricultural Farm. “We did not sell our last year’s product waiting for the price to increase.”
KATHMANDU, Nov 2: Price of pulses and beans is expected to down in the coming days, trader say. Officials of Nepal Retailers Association told Republica that as India recorded bumper harvest of different varieties of pulses, beans and legumes and price is going down in the southern neighbor.
KATHMANDU, September 7: The parliamentary Development Committee has directed the authorities concerned to make necessary arrangements to distribute embossed number plates to vehicles on the basis of the names of the federal provinces.
LONDON, August 29: Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil industry.
ILAM, August 26: The ongoing Gorkhaland movement in Darjeeling of India has triggered inflation in the Nepali markets in the eastern region bordering India. The rate of everyday necessities such as rice, pulses and oil has soared up, locals informed. Indian consumers have been carrying goods from the Nepali markets. There is general strike in Darjeeling for the last 72 days.
LONDON, July 24: Oil slipped to one-week lows Monday, as several OPEC and non-OPEC ministers met to discuss a pact to curb oil output but the prospect of the group delivering deeper cuts grew more distant.
KATHMANDU, July 18: Wholesale price of vegetables has started to climb up as the end of growing season nears. Seasonal vegetables like tomato (small), eggplant, cow pea, French bean and capsicum have seen consecutive price hike in the last three days.
KATHMANDU, June 5: Despite making profit in liquefied petroleum (LP) gas after nearly 18 months, the Nepal Oil Corporation (NOC) has said that was not bringing down price in the domestic market anytime soon.
LONDON, May 25: Oil prices were volatile but trading sharply lower Thursday ahead of an expected announcement from the OPEC oil cartel that it will extend recent production cuts for a further nine months. Elsewhere, stock markets were unmoved by further indications from the Federal Reserve that it may raise interest rates again as soon as next month.
KATHMANDU, May 20: In a bid to provide medicines to the general public at cheaper rates, the Ministry of Health (MoH) is planning to itself procure and supply medicines for government hospitals and health institutions across the country.
KATHMANDU, Feb 4 : Buddha Air is reducing airfare on Kathmandu to Janakpur flights. Issuing a statement, the airline said passengers can start traveling at the lowered fares once it starts operating its newly-acquired ATR-72 aircraft on that route.