KATHMANDU, Jan 25: Government authorities have requested fuel stations to not sell and distribute highly flammable petroleum products in open bottles and jars.

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

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.

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, 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 2: Nepal Oil Corporation (NOC) has said that it has to pay Rs 21 billion to the Indian Oil Corporation (IOC) for the purchase of petroleum products.

KATHMANDU, August 16: India has reduced the price of petroleum products it supplies to Nepal. The Indian Oil Corporation (IOC) has reduced the price of petroleum products and sent a new price list to the Nepal Oil Corporation (NOC).

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.

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, August 1: Petroleum transporters have called off the protest they scheduled to launch from Monday after receiving assurance from Nepal Oil Corporation (NOC) to fulfill their demand.

KATHMANDU, JULY 17: The Indian Oil Corporation (IOC) has sent a new fuel price list to Nepal Oil Corporation. The price of petroleum products has decreased in the price list.

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, 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 25: The government has announced to reduce the price of petroleum products by removing taxes levied on these products under various headings.

KATHMANDU, June 24: Nepali Congress (NC) leader Shekhar Koirala has suggested the government remove the tax on petroleum products for the time being.

KATHMANDU, June 20: The government has massively increased prices of petroleum products effective from midnight Sunday.

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 3: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has clarified that acute shortage of petroleum products in the global market has triggered price hike in Nepal.

KATHMANDU, June 3: CPN-UML lawmaker Yagya Raj Sunuwar has said that the government has committed an immoral act by increasing the price of petroleum products.

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, 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 27: The government has decided to reduce the infrastructure tax on petroleum products. A Cabinet meeting held on Friday decided to provide relief to the consumers by reducing the tax being levied on petroleum products.

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 24: A delegation of 15 student unions today called on Minister for Industry, Commerce and Supplies, Dilendra Prasad Badu, drawing the government's attention to the fresh rise in the prices of petroleum products. During the meeting, they handed a memorandum toward this end to the minister.

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, May 23: National Assembly member Bhairav ​​Sundar Shrestha has said that the government has failed to give the impression of being a government by increasing the price of petroleum products.

KATHMANDU, May 22: The government has hiked the prices of LPG gas cylinder by Rs 200 each cylinder and petroleum products by Rs 10 per liter.

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

KATHMANDU, April 11: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said that solutions to the problems of price increment of the petroleum products and its transport and supply would be resolved scientifically by prioritizing the interests of the consumers.

KATHMANDU, April 6: Nepal Oil Corporation (NOC) has increased the price of petroleum products.

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, April 3: The government has urged the bodies concerned and the traders to provide petroleum products and other daily consumption goods in an easy and smooth manner.

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.

KATHMANDU, April 1: Nepal Petroleum Entrepreneurs Institutional Coordination Committee has decided to stop the distribution of petroleum products from Friday midnight.

KATHMANDU, March 29: Nepal Oil Corporation (NOC) has proposed declaring a public holiday on Sunday. The corporation has written a letter to the government, proposing giving one more day off to reduce fuel consumption by reducing the use of public and government vehicles.

KATHMANDU, March 16: Nepal Oil Corporation (NOC) on Wednesday received a record high purchase price of petroleum products from the Indian Oil Corporation (IOC).

KATHMANDU, March 10: The Industry and Commerce and Labor and Consumers Committee of the House of Representatives has directed the government to control the prices of petroleum products.

KATHMANDU, March 8: A secretary-level meeting of the Joint Task Force of Nepal and India, formed to facilitate supply of the petroleum products and gas, has concluded.

KATHMANDU, March 8: The government has decided to provide funds for the purchase of petroleum products to the Nepal Oil Corporation (NOC), which is in trouble after accumulated savings fell to zero due to a hike in the prices of petroleum products in the international market.

KATHMANDU, March 3: With the sharp rise in the prices of Brent crude oil in the international market as a result of Russia's invasion in Ukraine, the Nepal Oil Corporation (NOC) has decided to hike the prices of petrol and diesel by Rs 5 per liter.

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

BIRGUNJ, Feb 14: The import of petroleum products via Birgunj transit, the country’s major transit point,  has significantly increased this year as compared to the previous year.

KATHMANDU, Jan 21: Various student unions have demanded the government to withdraw the price hike of petroleum products.

Prices of petroleum products hiked

January 20, 2022 09:32 am

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

In this context, the market for petroleum products is so sensitive that fluctuations in the international market price may not take long to make a profit or loss in crores of rupees. Nepali private sector entrepreneurs are not in a position to take this risk.

KATHMANDU, Nov 15: Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that priority will be given to the policy of reducing the use of vehicles, factories and materials that use petroleum products.

KATHMANDU, Nov 10: The government has again hiked the prices of petroleum products including cooking gas.

NOC hikes prices of petroleum products

August 23, 2021 21:54 pm

KATHMANDU, August 23: Nepal Oil Corporation(NOC) has hiked the prices of petroleum products.

KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has yet again increased the prices of petroleum products. The price of petrol, diesel and kerosene has been increased by Rs 2 per liter each with effect from Wednesday.