Youth Protest Fuel Taxes in Chitwan, Minister Yadav Explores Ethanol
Youth activists led by Miraj Dhungana protested in Chitwan, demanding the removal of six taxes on petroleum products due to rising fuel prices and inflation. Meanwhile, Minister Gauri Kumari Yadav inspected the Nepal Oil Corporation and urged the private sector to promote ethanol production as an alternative energy source.
Nepal Moves Towards Ethanol-Blended Petrol, Invites Producer Applications
Nepal is initiating the use of ethanol-blended petrol to reduce petroleum imports and promote renewable energy, with the Nepal Oil Corporation (NOC) inviting applications from domestic producers. The government order allows for up to 10% ethanol blending, with the final percentage to be determined by the Cabinet based on availability and supply capacity.
Nepal Reports Significant Decline in Diesel, Petrol, and LPG Consumption Amidst Government Measures
Nepal Oil Corporation (NOC) reports a substantial decrease in the consumption of petroleum products, including diesel, petrol, and LPG, following government initiatives to curb fuel use due to soaring prices. Measures such as a Sunday public holiday and reduced fuel allowances for officials have contributed to this decline, with diesel consumption dropping by 27% and LPG by 17% in Baisakh compared to Chait.