KATHMANDU, Jan 18: Nepal Oil Corporation (NOC), a state-owned monopoly trading enterprise of the country that imports and distributes petroleum products, has decided to halt the import of petroleum products from the Raxaul depot.
NOC's decision follows a long-pending request from the Indian Oil Corporation (IOC) to NOC not to import petroleum products from the depot owing to security reasons. The IOC said that the depot had been facing problems.
Aviation fuel depot in Pokhara with an investment of Rs 680 mil...
With this, arrangements have been made for petroleum dealers in Bara and Parsa districts, who had been importing fuel from the depot till now, to purchase petroleum products from NOC Province 2 Office, said NOC's spokesperson Binit Mani Upadhyay. Following this, a team from the NOC's central office in Kathmandu, Bara, Prasa Petroleum Dealers Association and the local administration sat down to remove inconveniences stemming from the NOC's decision.
As a result, there may not be a smooth supply of petroleum products and the supply costs may increase at a time when there is not a maximum use of Motihari-Amlekhganj petroleum pipeline and structural construction of Motihari depot by the NOC is yet to be completed, concluded the meeting.
Meanwhile, following NOC's decision, authorised dealers in Bara and Parsa have agreed to purchase petroleum products from the NOC Province 2 Office.
