KATHMANDU: Global oil prices dropped sharply after U.S. President Donald Trump announced a conditional two-week ceasefire agreement with Iran. The deal includes the reopening of the strategically important Strait of Hormuz, easing fears of supply disruptions and calming energy markets…

KATHMANDU: The Government of Nepal has decided to reduce taxes on petroleum products. The Cabinet meeting held on Tuesday approved a 50% cut in customs duty and infrastructure tax on petrol, diesel, and kerosene. The decision will be implemented after…

KATHMANDU: The government has urged citizens and institutions to adopt work-from-home practices and increase the use of EVs as fuel prices continue to rise. The move comes alongside a decision to reduce customs duties on petroleum products in an effort…

KATHMANDU: The government has announced plans to distribute all pending driving licenses within mid-July (Ashad), addressing a backlog that has left applicants waiting for up to four years. Thousands of service seekers who applied since May 2022 have yet to…

KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA), led by President Ritu Singh Vaidya, has presented policy recommendations to Finance Minister Swarnim Wagle, focusing on stability in Nepal’s automobile and mobility sector. During the meeting, NAIMA called for a…