Petroleum crisis to end by Friday: NOC

KATHMANDU, May 4: The petroleum crisis that has hit hard consumers over the last couple of weeks is likely to end from Friday onwards.



The condition will be normal within two days as the Nepal Oil Corporation (NOC) increased the import of petroleum products.[break]



The NOC is going to bring 24,000 KL fuel ---petrol, diesel and kerosene--- from Raxaul on Wednesday, according to the spokesperson for the NOC, Mukunda Prasad Dhungel. He said the distribution of fuel will ease once the petroleum products reaches the capital.



The petroleum crisis was seen in the Nepali market for the last two weeks after the Indian Oil Corporation cut down on the fuel supply by 40 per cent after the NOC could not pay off the dues of around Rs. 2 billion .



Of late, the government provided Rs. 1.5 billion to the NOC to pay clear the dues.



Currently, there is a demand of 200,000 liters petrol and 300,000 liters diesel in the valley daily.

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