June 22, Kathmandu – The government has instructed industrialists and businesspeople to promptly lower market prices. Industry, Commerce and Supplies Minister Gaurikumar Yadav convened representatives from various private sector umbrella organizations and directed them to reduce prices without delay. During the meeting at the ministry, Minister Yadav emphasized that since global oil prices have declined, market prices in Nepal should be adjusted accordingly.
The meeting included chairpersons and representatives from the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Industrial Association, Nepal Chamber of Commerce, Fruit and Vegetable Business Association, and the Rice, Lentils, and Oil Traders Association. During discussions, business representatives voiced their professional challenges and complaints to the minister. After hearing their concerns, Minister Yadav highlighted that uncontrolled market prices are causing severe hardships for ordinary citizens and urged that prices must be lowered immediately without any excuses.
She called for streamlining the sale and distribution of essential daily commodities such as salt, oil, rice, and fresh vegetables, asking stakeholders to examine the real market conditions and reduce prices promptly. Minister Yadav stressed that with the government’s and Prime Minister Balendra Shah’s interest in the matter, the ministry must work diligently to make the market as consumer-friendly as possible. Responding to the minister’s directive and the current market situation, private sector representatives present at the meeting expressed positive feedback, according to the ministry.
The ministry stated that industrialists and businesspeople have pledged to fully cooperate with the government to reduce market prices to provide relief to general consumers and take necessary measures to that effect.
