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Kathmandu, Monday March 31, 2003  Chaitra 17,  2059.

Spiralling price hike

It seems local businessmen and traders are taking undue advantage of the American-led war in Iraq. The brunt of price hike in kerosene and petrol is hard enough, businessmen have raised the prices of daily essentials like tomatoes, mustard oil, beaten rice etc. There is no consistency. Prices are being hiked haphazardly. Some may say that the current increase in petro-products, mainly diesel and petrol has pushed up the prices of other commodities, too. How can one justify a whopping rise in the price of tomatoes, for instance, which jumped from Rs 20 to Rs 55 per kg? Well, tomatoes don’t come from all the way from Iraq, or for that matter the Middle East. It simply defies logic, if one cares to look at the weightage given to this consumer good by the Nepal Rastra Bank.

Radha Gyawali
Basukinagar, Kathmandu


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