KATHMANDU, Feb 19: The government has decided to appoint Dr Chandika Prasad Bhatta as the managing director of Nepal Oil Corporation (NOC). A meeting of the Council of Ministers has chosen Bhatt for a three-year term.

KATHMANDU, Feb 18: Three names have been recommended for the post of managing director of Nepal Oil Corporation (NOC). The Ministry of Industry, Commerce and Supplies has recommended the names of three people for appointment.

KATHMANDU, Feb 16: Nepal Oil Corporation (NOC) has increased the price of diesel, petrol and kerosene. The meeting of the NOC Board of Directors held on Thursday evening decided to increase the price.

KATHMANDU, Jan 15: A total of 14 people have submitted applications to become the Managing Director of Nepal Oil Corporation (NOC).

KATHMANDU, Dec 5: Nepal Oil Corporation (NOC) is planning to provide air refueling service at Chitwan's Bharatpur Airport and Jumla Airport as the airline companies are facing problems due to lack of refueling stations.

KATHMANDU, December 1: Nepal Oil Corporation (NOC) has started earning operating profits after the government entity cleared all its outstanding dues.

KATHMANDU, Nov 21: Even though the price of diesel has decreased by the Indian Oil Corporation (IOC), Nepal Oil Corporation (NOC) has not lowered its price. Despite a reduction of Rs 7 per liter for diesel and 80 paisa for petrol, NOC has justified its decision, citing a loss of Rs 280 per LPG cylinder.

KATHMANDU, Oct 21: Nepal Oil Corporation (NOC) has stated that 10.5 million liters of petroleum products were consumed from various depots on the sixth day of Dashain i.e. on Friday.

Kathmandu, Oct 2: Within 24 hours after increasing the price of petroleum products, the Nepal Oil Corporation (NOC) took a U-turn and reversed its decision. The state-owned oil monopoly announced its decision to hike the price of petroleum products effective from Sunday midnight (October 2).

NOC reverses petroleum price hike

October 1, 2023 15:00 pm

KATHMANDU, Oct 1: The Nepal Oil Corporation (NOC) has rescinded its recent hike in petroleum product prices. NOC announced that the previous pricing structure will be reinstated starting tonight.

NOC hikes prices of petroleum products

September 16, 2023 10:30 am

KATHMANDU, Sept 16: The Nepal Oil Corporation (NOC) has hiked the price of petroleum products, effective from midnight on Friday.

KATHMANDU, Aug 20: The Nepal Oil Corporation (NOC) has reinitiated the sale and distribution of petroleum products from its Birgunj branch. This strategic move has effectively eliminated the necessity for petroleum traders in Birgunj and its surrounding areas to journey to Amlekhgunj for diesel purchases. This transition has subsequently led to a reduction in consumer prices.

KATHMANDU, Aug 1: The Nepal Oil Corporation (NOC) reported a rise in the prices of petroleum products imported from India as per the new list sent by the Indian Oil Corporation, the sole supplier of petroleum products to NOC.

KATHMANDU, July 4: Airfares of domestic flights have decreased following the reduction in the price of aviation fuel by Nepal Oil Corporation (NOC). According to the Civil Aviation Authority of Nepal (CAAN), the airfare has been reduced from a minimum of Rs 60 to a maximum of Rs 750 for domestic flights on the basis of the route. The revised airfare rates are effective from Tuesday.

KATHMANDU, July 4: Nepal Oil Corporation (NOC) has reduced the price of petroleum products effective from Monday midnight. The price of diesel, petrol, kerosene and aviation fuel has been decreased.

KATHMANDU, July 2: Nepal Oil Corporation (NOC) has announced a profit in the sale of LPG after a one-year period. According to Manoj Kumar Thakur, deputy director of NOC, the corporation has made a profit of Rs 7 per cylinder on LPG sales.

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, May 2: Nepal Oil Corporation (NOC) on Monday received reduced rates of petroleum prices that it imports from Indian Oil Corporation (IOC).

KATHMANDU, April 18: The Special Court on Monday asked Nepal Police to issue an arrest warrant against controversial Gopal Bahadur Khadka, the then managing director of Nepal Oil Corporation (NOC).

KATHMANDU, April 17: The government has collected more than Rs 100 billion in eight years from the infrastructure tax imposed on petroleum products. Nepal Oil Corporation (NOC) has been paying tax at the customs point while importing fuel.

KATHMANDU, April 5: The Nepal Oil Corporation (NOC) has reduced the price of aviation fuel. The NOC reduced the price of aviation fuel by Rs 10 per liter. The Aviation Operators Association accordingly revised the airfare to be effective from April 4.

KATHMANDU, April 4: Nepal Oil Corporation (NOC) has reduced the price of diesel by Rs 10 per liter and that of petrol by Rs 3 per liter effective from Tuesday midnight.

Import of LPG sees a decline

March 24, 2023 18:00 pm

KATHMANDU, March 4: The import of liquefied petroleum gas (LPG) has decreased in Nepal. According to officials of Nepal Oil Corporation (NOC), there has been a decline in LPG import by almost six percent compared to last year. The corporation estimates that the use of cooking gas may have started to decrease as consumers have become accustomed to using electricity.

KATHMANDU, March 24: Nepal Oil Corporation (NOC) has started discussions with the dealers about the safety standards of liquified petroleum gas (LPG) cylinders.

BARA, Feb 26: The construction of infrastructure for importing petrol and kerosene through the Motihari-Amlekhganj petroleum pipeline has reached its final stage.

Price of petroleum products increased

February 7, 2023 08:45 am

KATHMANDU, Feb 7: The Nepal Oil Corporation has increased the price of petroleum products including diesel, petrol and kerosene.

Airline companies slash airfare

January 9, 2023 18:00 pm

KATHMANDU, Jan 9: The government has lowered the price of aviation fuel for domestic flights by Rs 20 per liter. After the state-owned Nepal Oil Corporation (NOC) reduced the airfare, the airline companies also slashed the price of air tickets .

KATHMANDU, Jan 9: The Nepal Oil Corporation (NOC) has reduced the price of petroleum products.

POKHARA, Jan 8: After the start of commercial flights at the Pokhara Regional International Airport (PRIA) in Pokhara, Nepal Oil Corporation (NOC) is going to build an aviation fuel depot at the airport at a cost of around Rs 680 million. The corporation has leased a piece of land at PRIA from the Civil Aviation Authority of Nepal (CAAN) to build the aviation fuel depot.

KATHMANDU, Jan 6: While Prime Minister Pushpa Kamal Dahal on Thursday directed the Ministry of Industry, Commerce and Supplies (MoICS) to reduce the prices of petroleum products with immediate effect, a pre-scheduled board meeting of Nepal Oil Corporation (NOC), the state-owned oil monopoly, was canceled to avoid facing the PM’s order.

Too little, too late

December 18, 2022 08:05 am

Consumers feel cheated as NOC flouts its own promise to enforce auto-pricing system  NOC reduced petrol price by Rs 3 per liter in the past five months even as its price in int’l market declined by 28 percent

KATHMANDU, Dec 17: Nepal Oil Corporation (NOC) has reduced the prices of petroleum products.

Activists of the student union affiliated with the CPN (Majority) have protested against Nepal Oil Corporation demanding the adjustment of the price of petroleum products.

KATHMANDU, Nov 14: The domestic consumption of petroleum products has gone down lately. According to the Nepal Oil Corporation (NOC), the consumption of petroleum products has significantly decreased in the current fiscal year 2022/23 compared to the previous year.

KATHMANDU, Oct 17: Nepal Oil Corporation (NOC) has again not adjusted the price of petroleum products. Even though new prices are coming from India ona regular basis, the corporation has not adjusted the prices under the pretext of past losses.

KATHMANDU, Sept 30: With the start of Dashain festival, consumption of petroleum products has increased sharply.

KATHMANDU, Sept 10: Aviation fuel supply has stopped at three busy airports including Gautam Buddha International Airport. The transporters have stopped the supply of fuel to Bhairahawa's Gautam Buddha International Airport, Dhangadhi and Nepalgunj Airports for seven days demanding an increase in fares.

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, June 2: Nepal Oil Corporation (NOC) has reduced prices of petrol, diesel and kerosene by Rs 10 per liter effective from midnight today.

KATHMANDU, May 25: Activists affiliated to various student unions besieged the office of Nepal Oil Corporation (NOC) on Wednesday, demanding withdrawal of the recent price hike of petroleum products and control of market prices.

KATHMANDU, May 15: Various students unions have staged a demonstration outside the central office of Nepal Oil Corporation (NOC) in Teku, Kathmandu, demanding the corporation withdraw its decision to hike the prices of petroleum products.

KATHMANDU, Feb 20: Nepal Oil Corporation (NOC) has again increased the prices of petroleum products.

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, April 6: The government of Nepal has decided to give  Rs 4.20 billion to Nepal Oil Corporation (NOC) from the price stabilization fund.

KATHMANDU, April 4: Supply of petroleum products in the local market has eased following an agreement between the protesting petroleum entrepreneurs and the Nepal Oil Corporation, the state-owned trading enterprise of the country that imports, stores and distributes petroleum products.

KATHMANDU, March 19: Gas Dealers Federation of Nepal (GDFN) has urged newly-appointed Executive Director of Nepal Oil Corporation (NOC) Umesh Thani to implement automatic pricing system in Liquefied Petroleum Gas (LPG).

KATHMANDU, Jan 18: Nepal Oil Corporation (NOC) has issued a press note, stating that the company is having to take loans in order to procure fuel for the country. NOC maintained that the company has depleted all its accumulated profits and is in a state where it cannot even pay to buy fuel.

KATHMANDU, Nov 21: CPN (Unified Socialist) Chairman Madhav Kumar Nepal has requested the government to be serious about the issues regarding the hike of fuel prices.