Prime Minister KP Sharma resigned from his post on Tuesday.
Prime Minister Oli submitted his resignation after the situation worsened on Tuesday after 19 people died in protests in Gen Z.
Earlier, Prime Minister Oli had called an all-party meeting at 6 pm.
However, protesters are setting fire to the houses of leaders.
Protesters have set fire to Prime Minister Oli's residence in Balkot, residence of Nepali Congress President Sher Bahadur Deuba in Budhanilkantha and the houses of leaders and ministers.
Similarly, protesters have also set police posts on fire and also entered Singhadurbar.