Preparations on to implement policy of mixing 10 percent ethanol in petrol
Summary
Nepal is preparing to implement a policy to mix 10 percent ethanol in petrol, aiming to reduce petrol imports and boost the agricultural and domestic economy. The government is finalizing standards and pricing for ethanol production ahead of full implementation.
Key Points
- Nepal will soon implement a policy to mix 10 percent ethanol in petrol after extensive studies and approval.
- Mixing ethanol with petrol could reduce Nepal's petrol imports by about Rs six billion annually and help reduce the trade deficit.
- The government is preparing to establish ethanol quality standards and minimum pricing while inviting bids for ethanol production.
- Private sector representatives call for a favorable environment and clear regulatory mechanisms to promote ethanol industry growth in Nepal.
