Two flow sensors, one ESP32, LCD and/or Arduino
A Hall Effect Sensor like that just gives you a pulse every rotation (or two pulses per rotation, etc) of the internal vanes.

If you use interrupts to count the pulses then two pulses arriving at the same time will be handled sequentially. The interrupt flag indicating a pulse has arrived is set in hardware the moment the pulse arrives, and the CPU checks all the interrupt flags between instructions. Each flag is handled sequentially, the order determined by interrupt priority settings and a "natural" order determined by the internal wiring of the CPU.

However there is a better way on the ESP32, and that is the Pulse Counter peripheral.  This is designed to count pulses like the signals from Hall Effect sensors. 

You can just leave the Pulse Counter counting your pulses, then periodically read and reset the pulse count to see how much water has flowed in that period. It looks from the documentation that you can have two inputs both making the same counter increment, so it will do the aggregating for you.