India's reported refusal to provide a subsidy of approximately Rs 17 billion for the construction of two petroleum pipelines and a fuel storage facility, as previously agreed between the two countries, has lately drawn media headlines.

KATHMANDU, June 25: Nepal Oil Corporation (NOC) successfully settled outstanding loan payments it owed to the Indian Oil Corporation (IOC) after a two-year period.

KATHMANDU, June 17: The prices of petrol and diesel from India have increased slightly.

KATHMANDU, August 9: According to the latest price list of fuels sent by the Indian Oil Corporation (IOC), the Nepal Oil Corporation (NOC) is expected to incur a loss of Rs 636.5 million in the next 15 days. As per the previous price list, the NOC incurred a loss of Rs 14 per liter in petrol, Rs 22 per liter in diesel, and Rs 582 per cylinder in LPG.

KATHMANDU, August 1: The Indian Oil Corporation (IOC) has reduced the prices of petroleum products and sent a new price list to Nepal Oil Corporation (NOC).

KATHMANDU, May 2: The Nepal Oil Corporation (NOC) has said that it is short of over Rs 10 billion to pay to the Indian Oil Corporation (IOC) for fuel imports in May 2022 after the  IOC sent the NOC new and revised rates of fuel prices.

KATHMANDU, Sept 29: A bilateral meeting headed by ministers from Nepal and India held in Kathmandu on Friday has discussed laying Liquefied Petroleum Gas (LPG) pipeline from Motihari, Bihar of India to Bara district of Nepal. Minister for Industry, Commerce and Supplies Matrika Prasad Yadav of Nepal and Minister for Petroleum and Natural Gas Dharmendra Pradhan of India led the talks team of the respective countries.