CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Nepal Introduces Two-Day Weekend to Cut Fuel Use Amid Global Crisis

CEO Tab by CEO Tab
April 6, 2026
in Prime News
0
OPMCM

Govt unveiling common minimum programmes later this afternoon

75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The government has introduced measures to reduce petroleum consumption as concerns grow over possible fuel shortages and rising global prices linked to the ongoing conflict in West Asia.

You might also like

Over 11,600 Cooperatives Under Registration Process With National Cooperative Regulatory Authority

Supreme Court Annuls Three-Year Limit on Sale of Banks’ Non-Banking Assets

Customs Clearance Resumes After Traders Accept Self-Declaration of MRP

A Cabinet meeting on Sunday approved a new two-day weekend—Saturday and Sunday—replacing Nepal’s traditional single-day break. The decision applies to all government offices and educational institutions across the country, significantly changing work and school schedules.

The extended weekend is intended to reduce fuel usage by cutting down on commuting and administrative operations for an extra day each week. To balance the reduced workdays, office hours have been extended to run from 9 AM to 5 PM.

In addition, the government plans to introduce legal provisions to support the conversion of fossil fuel-based vehicles into electric ones. Government spokesperson Sasmit Pokharel stated that this move will not only lower fuel dependency but also promote the use of Nepal’s renewable energy resources.

Global petroleum prices have surged following tensions involving Iran and the USA-Israel coalition. As a result, the Nepal Oil Corporation has increased petrol and diesel prices by Rs 40–45 per liter in recent weeks.

Despite these price hikes, the corporation has reported losses exceeding Rs 11 billion in just 15 days. Although Nepal has not yet experienced a full-scale fuel crisis, experts warn that the situation could worsen without timely intervention.

Former executive director Susheel Bhattarai cautioned that continued losses may soon prevent the corporation from purchasing petroleum products from India. He urged the government to act swiftly to avoid supply disruptions.

Bhattarai also recommended emergency measures such as implementing an odd-even vehicle system, delaying development projects, regulating diesel sales, and adopting other strategies used during past crises.

Meanwhile, the shift toward electric mobility is gaining momentum. Data from the Birgunj Customs Office show that imports of electric four-wheelers have tripled in the first seven months of the current fiscal year, reaching 497 units worth Rs 1.48 billion, up from 165 units worth Rs 430 million in the same period last year. Revenue from these imports also rose significantly.

Similarly, imports of electric two-wheelers increased to 4,128 units worth Rs 805.7 million, compared to 3,374 units worth Rs 440.3 million during the corresponding period of the previous fiscal year.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Over 11,600 Cooperatives Under Registration Process With National Cooperative Regulatory Authority

by CEO Tab
May 8, 2026
0
Over 11,600 Cooperatives Under Registration Process With National Cooperative Regulatory Authority

Around 11,600 cooperatives are currently undergoing registration with the National Cooperative Regulatory Authority. The authority has initiated the process to regulate savings and credit cooperatives across the country...

Read more

Supreme Court Annuls Three-Year Limit on Sale of Banks’ Non-Banking Assets

by CEO Tab
May 8, 2026
0
Supreme Court

Banks and financial institutions (BFIs) in Nepal have received major relief after the Supreme Court of Nepal struck down the legal provision requiring them to sell non-banking assets...

Read more

Customs Clearance Resumes After Traders Accept Self-Declaration of MRP

by CEO Tab
May 8, 2026
0
Mandatory MRP Labelling and Billing Rule Enforced for Imported Goods

Customs clearance of imported goods has resumed after a week-long disruption, following an agreement between traders and the government to adopt a self-declaration system for maximum retail price...

Read more

IMF Extends Nepal’s Extended Credit Facility Program Until July 2026

by CEO Tab
May 8, 2026
0
Nepal to receive Rs 48 billion loans from IMF

The International Monetary Fund has extended Nepal’s Extended Credit Facility (ECF) program by an additional two months, allowing more time to complete the seventh and final review of...

Read more

National Statistics Office Urges Businesses to Participate in Economic Census

by CEO Tab
May 7, 2026
0
Nepal’s Second Economic Census to Begin on March 15

The National Statistics Office has urged all business establishments across the country to participate in the ongoing Economic Census. Dr. Bed Prasad Dhakal, Director of the Economic Census...

Read more
Next Post
Finance Minister Urges Calm as Nepal’s Stock Market Remains Stable

Finance Minister Urges Calm as Nepal’s Stock Market Remains Stable

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.