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Tag Archives: fuel

No reduction in fuel price despite auto pricing mechanism

Nepal Oil Corporation (NOC) failed to adjust fuel prices in line with international market prices, despite the adoption of the auto pricing mechanism. The state oil monopoly – that receives price list every first and 16the day of the Gregorian

NOC-IOC to finalise pipeline draft agreement next week

An Indian Oil Corporation (IOC) team is visiting Kathmandu on Sunday to finalise draft agreement to construct cross border petroleum pipeline. A six-member IOC delegation will reach Kathmandu on Sunday, informed Nepal Oil Corporation (NOC). “The team will in a

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

Government plans transport fare hike

The government is planning to revise public transportation fare upward. Transporters have been demanding to hike fare by at least 15 per cent but the Department of Transport Management seems to be looking at around 10 per cent hike. Earlier,

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