Petroleum Product Consumption Decreases in Nepal Amidst Price Hikes and Reduced Holidays
Summary
Petroleum product consumption in Nepal decreased in Baishakh compared to Chaitra due to price hikes, government-imposed public holidays, and a slowdown in construction activities, with the exception of aviation fuel which saw a slight increase.
Key Points
- Consumption of petrol, diesel, kerosene, and cooking gas decreased in Baishakh compared to Chaitra in Nepal.
- Diesel consumption dropped significantly from 140,029 kg to 102,071 kg between these months.
- Government-declared public holidays on weekends aimed to reduce consumption amid rising prices and geopolitical tensions.
- Slowdown in construction due to increased material costs also contributed to less diesel usage and reduced industrial activity.
