KATHMANDU, July 25: A large amount of Nepali currency has gone out of the country in a period of one year only for the import of petroleum products due to the increasing inflation and consumption.
Data released by the Department of Customs shows that Nepal imported petroleum products worth Rs 320.33 billion from India in the fiscal year 2021/22.
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The largest amount has been spent on importing diesel in the one-year period. Nepal spent over Rs 168.24 billion on diesel import in the last fiscal year. Similarly, Rs 71.39 billion was spent on importing petrol, Rs 65.56 billion on importing LP Gas and Rs 15.16 billion on importing aviation fuel in the last fiscal year 2021/22.
In the last one-year period, Nepal imported unprocessed soybean, palm and sunflower oil worth Rs 113 billion, mobiles and laptops worth Rs 52 billion, gold and silver worth Rs 48 billion and food grains worth more than Rs 73 billion.
Nepal exported refined soybean oil worth the highest amount during this period. Refined soybean oil worth Rs 48.12 billion was exported. Similarly, it exported refined palm oil worth Rs 41.64 billion, synthetic yarn worth Rs 10.14 billion, woolen goods worth Rs 7.7 billion and ready-made garments worth Rs 5.7 billion during the last fiscal year.
(RSS)
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