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 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.
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, 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 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 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, 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 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, 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.
POKHARA, March 14: Nepal Oil Corporation (NOC) is planning to expand its fuel storage capacity at the Gagangaunda depot. According to the officials of the NOC, the current storage at the depot is not able to meet the demand and needs to be expanded to fulfill the current market demand.
KATHMANDU, Sept 17: The Kathmandu District Court on Monday dismissed the claim of former managing director of Nepal Oil Corporation (NOC), Gopal Khadka, against Nagarik daily, the sister publication of Republica daily.
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, July 18: The Nepal Oil Corporation's (NOC) plans to distribute color-coded liquefied petroleum gas (LPG) cylinders in the market has apparently failed as it has seen discontinuation for the second time.
KATHMANDU, April 25: A pre-feasibility study carried out by the Institute of Engineering Consultancy Services (IOECS) has estimated the cost of building seven pipelines and storage facilities at Rs 41.15 billion.