Nepal Aims to Cut Import Bill by Rs 6 Billion Annually Through Ethanol Blending in Petrol
Summary
Nepal plans to reduce its annual import bill by Rs 6 billion by blending 10 percent ethanol in petrol, promoting local production and clean energy while stimulating the rural economy.
Key Points
- Blending 10 percent ethanol in petrol could cut Nepal's annual import bill by around Rs 6 billion.
- The government is finalizing the policy to blend ethanol in petrol, expected to reduce petrol imports by 130 million liters annually.
- The 'Local Production First Use' policy promotes domestic production to boost the rural economy and farmer income.
- Challenges remain in establishing industries, securing jobs, and ensuring raw material supply for ethanol production, with foreign investment possibilities discussed.
