KATHMANDU, Sept 23: Nepal Oil Corporation (NOC) has warned to take action against the cooking gas producers who are found to be involved in malpractice of refilling the fuel in a cylinder more than the prescribed standard.
KATHMANDU, Aug 16: The government has increased the fare of public transport. Along with the increase in the price of petroleum products by Nepal Oil Corporation (NOC), the Department of Transport Management (DoTM) has revised fare rates for passenger and cargo vehicles for inter-provincial public transport.
KATHMANDU, July 7: Nepal Oil Corporation (NOC) has earned profit of Rs 1.11 billion within 15 days by selling fuel as per the recent price list determined by its supplier - the Indian Oil Corporation (IOC). In this way, the NOC earned a profit of around Rs 2.5 billion in a month.
KATHMANDU, April 7: Fascination for abroad studies has been hugely increasing among Nepali students lately. The statistics maintained by the Ministry of Education, Science and Technology (MoEST) speaks volumes about it.
KATHMANDU, March 1: Nepal Oil Corporation (NOC) says it will not be hiking the price of liquefied petroleum gas (LPG) despite a hefty rise in the price of cooking gas by the Indian Oil Corporation (IOC).
KATHMANDU, August 17: Throughout the last fiscal year, the consumers were forced to buy fuel by paying much higher prices. Nepal Oil Corporation (NOC), which has a monopoly in the petroleum business in Nepal, should have made profit by selling petroleum products at higher prices. But this is not the case. The accumulated loss of the NOC has reached Rs 50 billion by the end of the last fiscal year 2021/22
KATHMANDU, August 7: Nepal Oil Corporation (NOC) is going to build a fuel storage tank of 8.7 million liters (8,700 kiloliters) in Amlekhgunj. The corporation is going to build infrastructure including fuel storage with an investment of around Rs 3.15 billion.
As per the new fuel price lists received from the IOC in the past two weeks, petrol should have become cheaper by over Rs 32 and diesel by over Rs 29 per liter but the NOC has ignored the auto pricing system.
KATHMANDU, July 8: Several old cases are pending at the Supreme court (SC) - some for the past two decades - due to the ‘lack of time’ to hear these cases. One such case in point is the case involving former executive general manager of Nepal Oil Corporation, Yuvraj Sharma. After a series of hearings on the corruption case filed against Sharma, the SC ruled to announce the final verdict on the case. It’s already been two years since that SC decision, but the final verdict on the case hasn’t been announced. The SC ruled two years ago that Sharma had embezzled Rs 5.4 million, but the final verdict on the case is yet to be made.
KATHMANDU, July 4: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products again. NOC increased the price of petrol by Rs 9 per liter and diesel/ kerosene by Rs 2 per liter with effect from Monday midnight.
KATHMANDU, July 4: Nepal Oil Corporation (NOC) on Monday drew attention of the government for the possible disruption in petroleum supply citing shortage of funds to pay to the Indian oil supplier amid its soaring financial loss.
KATHMANDU, June 30: While the prices of petroleum products are rising in the international market, Nepal Oil Corporation (NOC) is bearing a loss of Rs 10 billion monthly. According to the employees' union, the main reason for such a loss is the government's intervention.
KATHMANDU, June 10: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products. The increment was made after the NOC failed to pay the regular installment to Indian Oil Corporation (IOC)-- the sole supplier of petroleum products.
KATHMANDU, June 2: The Indian Oil Corporation (IOC) that supplies petroleum products to Nepal has sent increased prices of petroleum products to Nepal as consumers continue to be hit hard by the rising prices. This comes barely a week after Nepal Oil Corporation (NOC) increased the prices of petroleum products in line with the price list sent by the IOC.
KATHMANDU, May 23: Nepal Oil Corporation (NOC) incurred a loss of Rs 47 billion in the last 10 months. The corporation reports that the loss has been caused by the persistent rise in the price of petroleum products in the international market.
KATHMANDU, April 3: Home Minister Balkrishna Khand, also the Acting Prime Minister, has directed the authorities concerned to immediately fix the problems surfaced recently in the supplies of petroleum products.