KATHMANDU: Nepal Oil Corporation (NOC) has decided to keep fuel prices unchanged. A meeting of the corporation’s board on May 31 decided to maintain the current retail prices. The decision comes despite receiving a new fuel price list from Indian…

KATHMANDU: Chinese automaker SAIC Motor is set to sell an additional 10 percent stake in JSW MG Motor India to the JSW Group, according to a Reuters report. Once the transaction is completed, JSW Group will become the largest shareholder…

KATHMANDU: The new tax structure introduced in the Fiscal Year 2026/27 (2083/84) budget is likely to make electric cars more expensive in Nepal. Through the Economic Act 2026 (2083), the government has changed how EV taxes are calculated. Instead of…

KATHMANDU: The Gandaki Province government has fixed ride-sharing fares for two-wheelers and four-wheelers operating within the province. The fare rates were set by the Ministry of Physical Infrastructure Development and Transport Management following the implementation of ride-sharing regulations approved by…

KATHMANDU: Nepal’s automobile sector has once again been left assessing the impact of changes announced in the national budget. Finance Minister Dr. Swarnim Wagle presented the budget for fiscal year 2026/27 on Friday, keeping tax rates unchanged for most vehicles…