BRUSSELS, Sept 29: The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices.
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, June 4: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has stated that a task force has been formed to study the involvement of private sector in the supply of petroleum products and LPGs.
KATHMANDU, June 3: A proposal of urgent public importance was tabled in the National Assembly, the upper house of the Federal Parliament, today, demanding a reduction in the price of petroleum products.
KATHMANDU, June 3: Ruling Nepali Congress (NC) General Secretary Gagan Kumar Thapa has urged the government to immediately provide relief to the general public, who are suffering from the hike in fuel prices.
KATHMANDU, May 23: Nepali Congress (NC) Spokesperson Dr Prakash Sharan Mahat said that the increase in the price of petroleum products in the domestic market is justifiable as the price of petroleum products has also increased in the global market.
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, 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, March 4: Private sector petroleum entrepreneurs are agitated after the Nepal Oil Corporation (NOC) decided not to increase the commission for petrol pumps, following the increase in crude oil prices in the international market.
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, Dec 18: The state-owned Nepal Oil Corporation (NOC) that has been incurring a huge loss since a few months ago due to increased prices of petroleum products in the international market has received some respite from its negative financial balance as prices of the fossil fuels have started declining.
KATHMANDU, July 11: Five student unions have warned the government to halt operation of petroleum tankers and gasoline stations across the country from Wednesday if the government does not roll back the hike in fuel prices.
PARIS, Dec 2: The French authorities haven't ruled out the possibility of introducing a state of emergency in the country in response to unrest organised by anti-government demonstrators in Paris and other cities.