Nepal considering two-day government holiday to curtail fuel consumption

The Nepal government is considering to declare a two-day holiday in public sector offices this month to reduce fuel consumption, as the country battles a foreign exchange crisis and the price of petroleum products sky-rockets.

The Central Bank of Nepal and Nepal Oil Corporation advised the government to give two days government holiday, Cabinet sources said.

The Russia-Ukraine war, which is going on for over a month now, has resulted in a major spike in global oil prices as Russian oil in under sanction. Other major oil producers Iran and Venezuela are also facing sanctions in selling petroleum.