Holiday Effect: Reduced Vehicle Movement on Kathmandu Roads on Sunday Due to Government Holiday

The Nepalese government declared a holiday for public offices and schools on Sunday to reduce fuel consumption. This resulted in a decrease in the number of vehicles operating in Kathmandu compared to Saturday, easing traffic congestion. While most government institutions remained closed, private offices continued to function, leading to a partial activity on the roads. Traffic police confirmed a noticeable drop in vehicle count, directly impacting daily fuel demand. Investors should note that such holidays can temporarily reduce oil consumption patterns, potentially affecting fuel import and storage sectors.

• Sunday’s government holiday in Kathmandu led to fewer vehicles on the road, easing fuel demand temporarily.