Tag Archives: LPG

NOC seeks CIAA support to carry out cylinder verification

Nepal Oil Corporation (NOC) requested Commission for the Investigation of Abuse of Authority’s (CIAA) support in carrying out cooking gas cylinder verification. The state petroleum supply monopoly sought the anti-corpution watch dog’s help after the gas bottlers refused to cooperate

Bottlers end protest after pact with NOC

Bottlers of liquefied petroleum gas (LPG) – popularly known as cooking gas – today called off their protest after they reached an agreement with Nepal Oil Corporation (NOC). They agreed to form a committee to study actual market demand and

Ensure smooth supply of cooking gas during festivals: Government

The government has directed to supply enough liquefied petroleum gas (LPG) – popularly known as cooking gas – during the festivals. Nepal Oil Corporation (NOC) and gas dealers have reached an agreement to supply the cooking gas smoothly, the government

Government plans to ensure smooth supply of petroleum products

The government today directed all the concerned stakeholders to make supply of petroleum products smooth before the festive season. The Office of the Prime Minister and Council of Ministers has also asked Department of Commerce and Supply Management to increase

Petroleum tankers threaten of strike

Nepal Petroleum Transporters’ Federation today threatened to stop fuel supply from September 6, if their demands are not addressed. As Nepal Oil Corporation (NOC) failed to address our demands, we are forced to stop fuel supply, the federation president Khagenra

Parliamentary panel takes stock of taxes in fuel

The parliamentary committee that was formed to recommend moves to reform petroleum business is considering suggesting waiver of taxes, preferably VAT, on cooking gas. The 11-member committee has been taking stock of the tens of billions of fuel business and

NOC goes bankrupt due to heavy loss in cooking gas

Nepal Oil Corporation is bankrupt due to heavy loss in cooking gas. The state oil monopoly is selling a cylinder of Liquified Petroleum Gas (LPG) at Rs 1,470 that is Rs 681.91 less than its purchase price. It costs Rs

Oil shortage hits Valleyites hard, again

Valley petrol pumps have again witnessed long queues due to state oil monopoly’s failure in supplying the petroleum products smoothly. Nepal Oil Corporation (NOC) claimed that it has to pay Rs 5.18 billion (IC Rs 3.24 billion) to Indian Oil

Another panel formed to study petroleum sector problem

The Legislature-Parliament today formed yet another committee to study petroleum business. The 11-member committee – that has been asked to submit report within the next 30 days – has been asked to come up recommendations for oil sector reforms after

Nepal Oil Corporation to monitor use of dual cylinders from today

The government has claimed that it is monitoring the sales of duel colour cooking gas cylinder from tomorrow. The monitoring aims at ensuring the enforcement of dual-coloure LPG cylinders – blue for commercial use and red for domestic use –

State oil monopoly promoting criminalisation, blame gas dealers

Gas traders have blamed the Nepal Oil Corporation (NOC) for promoting criminalisation in the state oil monopoly. “The NOC must leave the Liquefied Petroleum Gas (LPG) to the private sector,” said president of Federation of LPG Dealers Gyaneshwor Aryal, here

Cooking gas price to go up by around Rs 400 per cylinder

The cooking gas price is going to increase by Rs 400 per cylinder – to Rs 1,870  from current Rs 1,470 – from January, according to the Nepal Oil Corporation (NOC). After jacking up the price too, the state oil

Nepalis consume Rs 12.60 million worth petroleum products in an hour

Nepalis consume Rs 12.60 million worth petroleum products per hour – which is around Rs 2 million more – from a year ago, when they used to consume around Rs 10.97 million worth fuel per hour. The consumption-led economy has