KATHMANDU: Managing Director of Nepal Oil Corporation (NOC), Dr. Chandika Prasad Bhatt, has urged consumers not to store petroleum products unnecessarily, stating that fuel supply in the country remains regular and sufficient. In a statement shared through social media, Bhatt…

KATHMANDU: Nepal has emerged as one of the fastest-growing electric vehicle markets in the world, ranking second globally in EV penetration. In 2025, electric vehicles accounted for around 73 percent of new car sales in the country. Government tax incentives,…

KATHMANDU: Global oil prices are rising after the United States and Israel launched military strikes on Iran, escalating tensions across the Middle East and raising concerns about potential disruptions to global crude supply. A major focus of the market is…

KATHMANDU: The Ministry of Foreign Affairs Nepal has urged Nepali nationals residing in the United Arab Emirates to remain cautious and avoid unnecessary travel as tensions continue to escalate in the Middle East. In a recent advisory, the government requested…

KATHMANDU: Thousands of foreign-brand cars are entering Russia through China despite Western sanctions imposed after the 2022 Ukraine invasion. According to registration data reviewed by Reuters and Russia-based research firm Autostat, vehicles from brands such as Toyota, Mazda, Mercedes-Benz, BMW,…