To reduce the fuel imports, the government has cut down fuel allowances of civil servants by 20 per cent. The reduction of import of petroleum products is expected to put less pressure to the depleting foreign currency reserves.
The Finance Ministry, sending a circular to all government offices on Monday, said that it is trying to reduce expenses incurred on fuel from Monday till three months, throughout the current fiscal year.
The ministry press note reads that a cabinet meeting on Wednesday had decided to cut the expenses on petroleum products of all the government offices and public enterprises.
The government move is expected to cut down the expenses on fuel to save the foreign currency reserve. “The government offices will have to spend only 80 per cent of their fuel budget,” a Finance Ministry source claimed, adding that the provision will, however, not applicable for the development projects, securities, essential services and those part of the local elections.
The government currently provides 207 liters of fuel to minister-level, 100 liters each to secretaries and 70 liters for joint secretary-level government employees. Nepal has imported around 200 billion worth petroleum products from India. But with increasing petroleum prices due to Russia-Ukraine war, the Nepal Oil Corporation (NOC) is bankrupt also due to free fuel to various former ministers and political cadres.
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