All non-capitalized expenses incurred by the petroleum industry after commercial production and the following expenses shall be considered current operating expenses:-
(a) Expenditures incurred for labor, goods and services directly used in day-to-day petroleum operations, including exploration, development, product refining, transportation, storage, handling and delivery and maintenance and similar activities of petroleum.
(b) General and office administration, service and operational overhead expenses incurred directly within or outside Nepal in relation to petroleum operations, including technical and related services, goods, transportation, freight charges and professional staff and other similar expenses.
(c) Insurance expenses, fees and all expenses related to petroleum operations related to loss claims compensation and all expenses incurred in seeking judgment.
(d) Damages caused by updating the goods.
(e) Interest, Fees and Commissions on Loans and Guarantees.
(f) Foreign currency exchange losses due to changes in the exchange rate of the dollar and the Nepali currency.