KATHMANDU, Sept 15: The decision of the Chief Commissioner of the Commission for the Investigation of Abuse of Authority (CIAA), Nabin Kumar Ghimire, to give a clean chit to those involved in the multi-billion rupees scam involving the procurement of land for Nepal Oil Corporation (NOC) despite adequate evidence has brought the anti-graft body under serious public scrutiny.
KATHMANDU, July 13: Nepal Oil Corporation (NOC) has projected a profit of Rs 11 billion by the end of the current fiscal year, which is 25.7% more than the state enterprise earned in the last fiscal year.
KATHMANDU, April 5: Shortage of cooking gas continues to exist in the market despite the Nepal Oil Corporation (NOC) adopting a number of distribution mechanisms and importing adequate quantity of the liquefied petroleum (LP) gas from the Indian supplier.
KATHMANDU, April 3: Petroleum dealers have sought compensation from the Nepal Oil Corporation (NOC), stating that the petroleum monopoly's decision to cut petroleum prices significantly will inflict huge loss on them.
KATHMANDU, April 1: Price of crude oil in the international market plunged to an almost 18-year low at US $ 20 per barrel on Monday. However, Nepali consumers are bound to keep on paying the higher prices as usual, and this despite the fact the country has adopted an automatic pricing policy.
KATHMANDU, March 7: Though the Nepal Oil Corporation is importing liquefied petroleum gas (LPG) in normal fashion, Kathmandu Valley has started to see a distribution crisis as consumers are panicking and rushing to buy the cooking gas cylinders.
Most gas stations in Kathmandu Valley are located in densely populated areas. A school building might stand right next to or just a few meters from a petrol station. We see shops and residential houses lying adjacent to petrol pumps. This is not how it ought to be legally and practically but this is how it has been for many years.
KATHMANDU, Jan 12: Nepal Oil Corporation (NOC) on Saturday announced to provide a month’s pay as a bonus to its employees although its similar announcements in the past were barred by various government bodies including parliamentary committees.
KATHMANDU, Nov 25: Nepal spent 16.6% less in import of petroleum products in the first three months of the current fiscal year – FY2019/20 compared to the same period last year despite an increase in the import volume by 7%.
BARA, Oct 17: Nepal Oil Corporation (NOC) has started supplying diesel to sellers in Bhairahawa and Biratnagar from its Amlekhgunj depot, following the operation of the Motihari-Amlekhgunj petroleum pipeline.
KATHMANDU, Sept 22: The Nepal Oil Corporation has slashed the price of aviation turbine fuel (ATF) by US$50 per kiloliter for international carriers in the wake of growing complaints from tourism and international airlines companies that the jet fuel price was too high in Nepal.
KATHMANDU, Aug 8: Nepal Oil Corporation (NOC) has slashed the price of liquefied petroleum gas (LPG) by Rs 25 per cylinder. The petroleum monopolist, however, has increased the price of petrol by Re 1, and diesel and kerosene by 50 paisa per liter, respectively. The new prices came into effect from Tuesday itself.
KATHMANDU, Nov 7: Nepal Oil Corporation (NOC ) said they will distribute oil on Wednesday to fulfill the oil demand during the Tihar festival. NOC will distribute petroleum oil and diesel from Thankot Depot. NOC Thankot Depot has distributed 8.5Lakh Ltrs Petrol and 8.3Lakh Ltrs Diesel on Tuesday.
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.