KATHMANDU, August 10: Prime Minister Sher Bahadur Deuba called the ministers in his Cabinet and instructed them to reduce various taxes being levied on petroleum products after the price of petroleum products reached its highest in the last weeks of June.
KATHMANDU, July 31: Petroleum transporters have warned the government that they would stop supplying all types of petroleum products if the authorities do not revise the transportation fares within the prescribed deadline.
BIRENDRANAGAR, July 22: For the exploration of petroleum products, a Nepali team along with some Chinese technicians reached Dailekh for the first time on April 28, 2016. The team, which had planned to carry out the exploration works in three years, stopped its work in the middle due to the COVID-19 pandemic. Due to which, the second phase of the exploration work could not be started yet.
KATHMANDU, July 13: Nepal spent Rs 292.77 billion to import petroleum products in the first 11 months of the current fiscal year, which was 88.7 percent more than the imported amount of fossil fuels during the review period last year.
KATHMANDU, Feb 24: Nepal imported petroleum products worth Rs 182.02 billion in the first seven months of the current fiscal year, which was Rs 51 billion more than the country’s earnings from its total export in the period.
KATHMANDU, March 14: The Nepal Oil Corporation has said there has been no change in the pricing of petroleum products, for the time being, keeping interested of people in mind even though its price has surged in the international market.
KATHMANDU, Aug1: At a time when there is criticism from various quarters over the increasing burden of tax on ordinary people, Ilam Municipality in eastern part of the country has decided to impose 50 paisa per liter tax on petroleum products in the name of controlling pollution.
KATHMANDU April 7: Prime Minister KP Sharma Oli and Narendra Modi jointly inaugurated the Birgunj Integrated Check Post (ICP) and laid the foundation stone for the construction of a petroleum pipeline on Amlekhgunj-Motihari petroleum pipeline project through video conference from Hyderabad House, New Delhi.
KATHMANDU, Nov 2 : The Nepal Oil Corporation has today withdrawn its decision of increasing the price of petroleum products, which was enforced from Wednesday mid-night, on Prime Minister Sher Bahadur Deuba's direction.
The NOC Board of Directors took the decision in this regard after Prime Minister Deuba directed the NOC management not to increase the price of petroleum products in the run-up to the elections.
KATHMANDU, Nov 1: Nepal Oil Corporation (NOC) has increased the price of petrol, diesel and kerosene and liquefied petroleum gas (LPG) on Wednesday citing rise of price of the crude oil in the international market.
KATHMANDU, Aug 11: Nepal Petroleum Dealers’ Association has announced to withdraw its protest as the Nepal Oil Corporation (NOC) has addressed their demand.
With the decision of the association following a meeting with the NOC on Friday, the supply of petroleum products, which was disturbed for two days, is expected to get back to normal.
KATHMANDU, July 4: Nepal Petroleum Dealers Association (NPDA), which had announced to halt sale of petroleum products starting July 4 demanding rise in compensation for technical loss, has withdrawn its protest.
KATHMANDU, May 2: The Raxaul-Amlekhgunj Petroleum Pipeline Project has hit a snag because of the delay in getting clearance from the Ministry of Forest and Soil Conservation (MoFSC) to cut down trees on the projects’ right-of-way.
KATHMANDU, Feb 23: Prem Kumar Rai, the secretary of the Ministry of Supplies, has said that agitating petroleum tanker operators should be jailed, stating that they have been disrupting supply of essential products.
KATHMANDU, Feb 22: The agitating petroleum tanker operators should be jailed as they have been disrupting the supply of essential products, Supplies Secretary Prem Kumar Rai told the parliamentarians on Wednesday.
KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) has said that it would build Amlekhgunj-Chitwan petroleum pipeline once the Raxaul-Amlekhgunj (38 kilometers) petroleum pipeline becomes ready for operation.
KATHMANDU, July 18: Ending Nepal Oil Corporation's monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal.