Crude oil price hits $115 a barrel, raising risk of costlier fuel and inflation in Nepal

Brent crude was trading at around $115 per barrel in the international market on Monday. Its price has risen by more than 5 percent over the past week.

This price of Brent crude is the highest in the past 52 weeks.

With the rise in crude oil prices, there is a risk of increased import costs for petroleum products in Nepal. This is likely to affect the overall economy, with the risk of rising fuel prices and inflation in the country.