Communist Party of Nepal (Unified Marxist-Leninist) UML's Oli is well-known for his pro-China stance.
Earlier in the day, Sher Bahadur Deuba, while addressing the nation from Prime Minister's Official residence, announced his resignation from the post deeming his tenure to be successful.
"For the implementation of the constitution, the conduction of all three-tier elections has been completed successfully which was my responsibility to be completed. We now have arrived at the stage of formation of the new federal government. To facilitate the government formation I hereby announce my resignation from the post," Deuba said. (ANI)