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

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, 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.

NOC increases fuel price

March 17, 2022 08:35 am

KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has increased the price of petroleum products.

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: Three candidates have been shortlisted for the post of managing director of Nepal Oil Corporation (NOC).

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: Nepal Oil Corporation (NOC) on Tuesday paid Rs 14.30 billion to the Indian oil supplier for the purchase of the petroleum products.

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 5: The agitating petroleum entrepreneurs, who stopped picking oli from depots against the decision of Nepal Oil Corporation(NOC) to suspend their commission, have postponed their protest programs.

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, 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.

KATHMANDU, Feb 11: Members of the National Youth Federation Nepal, and Central Youth Force Department staged a protest outside the Nepal Oil Corporation office at Teku on Friday.

KATHMANDU, Feb, 2: The state-owned Nepal Oil Corporation (NOC) is currently facing a record-high loss with the rise in the price of petroleum products in the international market.

Fuel prices hiked again

February 2, 2022 10:06 am

KATHMANDU, Feb 2: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Wednesday.

KATHMANDU, Jan 24: The Nepal Oil Corporation (NOC) has paid over Rs 13 billion to the Indian Oil Corporation (IOC) for the procurement of crude oil. The NOC, which states that it has no savings left,  had no other option but to ask the Nepal government for money to pay the IOC.

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.

KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) has said that it is finding cash strapped every successive month as a result of accumulated loss due to surging prices of petroleum products in the international market.

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, OCT 18: Nepal Oil Corporation (NOC)’s projected loss of the next 15 days hits Rs 2.22 billion at the new price rates that the corporation received recently from the Indian Oil Corporation (IOC), which is NOC’s sole supplier of petroleum products.

KATHMANDU, Oct 4: Nepal Oil Corporation (NOC) has projected its fortnightly loss to stand over Rs 1.50 billion at the new price rates that the corporation received recently from the Indian Oil Corporation (IOC), NOC’s sole supplier of petroleum products.

KATHMANDU, August 30: The Nepal Oil Corporation (NOC) will spend around Rs 6 billion on infrastructure development.

KATHMANDU, August 26: Petroleum transporters have withdrawn their protests after a three-point agreement reached with the Nepal Oil Corporation (NOC) on Thursday evening.

KATHMANDU, August 25: “Oil posts biggest week of losses in nine months as Delta variant spreads,” reported Reuters on Saturday.

KATHMANDU, August 24: Nepal Oil Corporation (NOC) has contributed Rs 97 billion in revenue to the government. While buying fuel from the Indian Oil Corporation (IOC) and selling it in the domestic market, the NOC provided revenue to the government under various headings.

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, July 21: Nepal Oil Corporation (NOC) faced a financial loss in the last fiscal year, following successive six-year gains in its annual financial balance, due to soaring prices of petroleum products in the international market.

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.

KATHMANDU, July 11: The Nepal Oil Corporation (NOC) has saved around Rs 4 billion after bringing the Motihari-Amlekhgunj Petroleum Pipeline into operation.

KATHMANDU, July 7: Nepal Oil Corporation has increased the price of petroleum products again.

KATHMANDU, May 29: The government this year too has reiterated its same old commitment to expand the petroleum storage capacity of the country so that it can meet the national demand for at least three months.

KATHMANDU, April 29: Nepal Oil Corporation (NOC) has said that there will not be a shortage of fuel in the Kathmandu Valley despite the prohibitory orders that are in place since Thursday morning.

NOC hikes fuel price

April 18, 2021 11:45 am

KATHMANDU, April 18: Nepal Oil Corporation (NOC) has increased the prices of petrol, diesel, kerosene and aviation fuel used in domestic flights.

KATHMANDU, April 14: Nepal Oil Corporation (NOC) is implementing the enterprise resource planning (ERP) in its working mechanism from Friday. This is aimed at ending the existing leakage in the distribution 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.

KATHMANDU, Feb 21: The Nepal Oil Corporation (NOC) has enforced a work plan to check misappropriation of petroleum products through cross-border smuggling of the imported fuels.

KATHMANDU, Feb 18: Students affiliated to All Nepal National Free Students Union (ANNFSU), the student wing of the Nepal Communist Party (Dahal-Nepal faction), chant slogans against the hike in the prices of petroleum products during a sit-in protest in front of Nepal Oil Corporation office at Babarmahal, Kathmandu.

KATHMANDU, Feb 18: Nepal Oil Corporation (NOC) on Tuesday hiked the prices of petroleum products, the second time in a week, adding an extra financial burden to the consumers.

KATHMANDU, Jan 31: The Nepal Oil Corporation (NOC) has agreed to increase the commission paid to petroleum dealers. This comes after the dealers pressed NOC to increase the commission of diesel and petrol by about 36 paisa per liter. The dealers had stated that it was difficult to sustain their business with prior commission rate.

KATHMANDU, Jan 19: The Nepal Oil Corporation (NOC) has increased the price of petroleum products by 2 rupees per litre.

KATHMANDU, Jan 18: Nepal Oil Corporation (NOC), a state-owned monopoly trading enterprise of the country that imports and distributes petroleum products, has decided to halt the import of petroleum products from the Raxaul depot.

KATHMANDU, Jan 15: Petroleum Dealers’ Association has postponed the agitation program they had announced earlier against the alleged reluctance of the Nepal Oil Corporation (NOC) to raise their commission for selling petroleum products.

KATHMANDU, Jan 13: Stating that it has become difficult to run the business as the Nepal Oil Corporation (NOC) has not increased the commission for selling petroleum products for four years, the fuel distributing entrepreneurs have announced to increase the fuel price on their own, if NOC does not  increase the rate of commission for the oil distributors.

KATHMANDU, Jan 8: The Nepal Oil Corporation (NOC) has imported 100 million liters (100,000 kiloliters) diesel in a single month. After the operation of Motihari-Amlekhgunj oil pipeline, the corporation imported 100 million liters of diesel from Indian Oil Corporation (IOC) in December alone.

KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) is preparing to distribute a bonus amount of around Rs 60 million to its employees. The corporation has stated that it has started allocating a bonus amount of Rs 58.5 million for the last two fiscal years even though it has been allocating the amount for years. As per the provision in the Bonus Act, 2074 (Fifth Amendment), one percent of the corporation’s net profit is going to be distributed as bonus.

KATHMANDU, Dec 28: State-owned Nepal Oil Corporation (NOC) has earned a profit of 12.87 billion rupees in the FY 2019/20, compared to a profit of 8.75 billion rupees in the FY 2018/19.

NOC hikes price of petroleum products

December 13, 2020 09:46 am

KATHMANDU, Dec 13: The Nepal Oil Corporation has increased the price of petroleum products. The increased price came into effect from 12AM, Sunday.

NOC hikes price of petrol by Rs 2

September 1, 2020 22:10 pm

KATHMANDU, Sept 1: Nepal Oil Corporation (NOC) has raised the price of petrol by Rs 2 per liter.