Nepal, April 2 -- Rising fuel prices driven by tensions in West Asia are putting pressure on both Nepali consumers and the state-owned Nepal Oil Corporation (NOC), which is currently incurring an average daily loss of around Rs 880 million.

Consumers are already paying higher prices at the pump, but officials say the full impact of international price hikes has yet to be passed on. At the same time, NOC continues to absorb mounting losses as global oil prices surge.

The increase in petroleum prices comes amid disruptions in global supply. Instability in West Asia, including issues at the Strait of Hormuz and attacks on oil facilities in the Gulf region, has pushed crude oil prices upward. The impact has now reached Nepal, where high go...