Govt unveils plan to subsidise electric stoves, phase out LPG subsidies
Summary
The Nepalese government plans to phase out LPG subsidies by 2092/93, promoting electric stoves with subsidies to reduce fuel import costs and support clean energy usage.
Key Points
- The government aims to phase out subsidies on liquefied petroleum gas (LPG) by fiscal year 2092/93.
- Subsidies will be introduced for electric cooking appliances to encourage a shift to clean energy.
- Nepal imported cooking gas worth Rs 41.65 billion in the first nine months of the current fiscal year, increasing the need to reduce import costs.
- The strategy supports environmental sustainability, public health, and boosting domestic electricity consumption amid growing hydropower capacity.
