| Cabinet Name: | Third Oli Cabinet |
| Cabinet Type: | Council of Ministers |
| Jurisdiction: | Nepal |
| Flag: | Flag_of_Nepal.svg |
| Date Formed: | 13 May 2021 |
| Date Dissolved: | 13 July 2021 |
| Government Head Title: | Prime Minister |
| Government Head: | Khadga Prasad Sharma Oli |
| Other Government Minister: | Bishnu Prasad Paudel |
| State Head Title: | President |
| State Head: | Bidya Devi Bhandari |
| Total Number: | 5 |
| Legislature Status: | Minority interim government |
| Opposition Cabinet: | Deuba Shadow Cabinet |
| Opposition Leader: | Sher Bahadur Deuba, |
| Election: | 2017 general election |
| Legislature Term: | 1st Federal Parliament |
| Previous: | Second Oli cabinet |
| Successor: | Fifth Deuba cabinet |
| Political Parties: | CPN (UML) |
KP Sharma Oli was appointed Prime Minister of Nepal for a third time on 13 May 2021 by President Bidya Devi Bhandari, as a minority prime minister, as no opposition party formed a majority government or claimed it time.[1] Citing Article 76 (3) of the constitution, Oli, leading the largest party in the House of Representatives, was re-appointed prime minister, requiring him to again prove a majority in the house within 30 days. On 22 May 2021, the House of Representatives was dissolved for the second time in 6 months by a cabinet decision followed by the approval of the President with elections on 12 and 19 November in two phases.[2]
On 4 June 2021, the cabinet reshuffle took place when the Mahantha-Mahato faction of PSP-N joined the government with 8 cabinet ministers, 2 state ministers, and 5 others from UML. Bishnu Prasad Paudel, Raghubir Mahasheth and Rajendra Mahato were made Deputy Prime-minister.[3] While the previous expansion was yet to be clarified by the Supreme Court, Oli made another reshuffle and included 7 ministers from UML and 1 from PSP-N.[4] On 22 June, the Supreme Court removed Oli's recently appointed ministers,[5] stating article 77(3) of Constitution of Nepal prohibits a caretaker prime-minister from such action.[6]
The Supreme Court ordered the President to appoint Sher Bahadur Deuba as the next Prime Minister Of Nepal within 28 hours, citing article 76(5) of the Constitution of Nepal.[7] Similarly, the dissolution of the House of Representatives was disapproved.[8]