KATHMANDU, Oct 8: Nepal Oil Corporation (NOC) has projected a profit of Rs 1.60 billion per month after a successive fall in the crude oil prices in the international market.

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, June 22: Nepal imported petroleum products worth over Rs 340 billion in the first 11 months of the current fiscal 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, September 9: Nepal saved fuel transport costs of Rs 3 billion in the past two years after the construction of a cross-border petroleum pipeline between Nepal and India.

KATHMANDU, Dec 23: Nepal Oil Corporation (NOC) has finalized the route for laying pipes for the proposed Jhapa-Siliguri petroleum pipeline project.

BIRGUNJ, June 24: The underground petroleum pipeline from Motihari, India to Amlekhgunj, Nepal has completed its test. The test has been carried out after the completion of pipe laying works.

PARSA, April 29: The laying of underground petroleum pipeline from Motihari, India to Amlekhgunj, Nepalgunj is taking place in a high pace.

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.

JANAKPUR, Sept 29: Indian Minister of Petroleum and Natural Gas, Dharmendra Pradhan, has said the Motihari-Amlekhgunj petrol pipeline project’s performance is good.

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.

PARSA, Feb 21: Petroleum products worth over Rs 42.25 billion has been imported via Birgunj check point in seven months of current fiscal year 2017/18.

KATHMANDU, Dec 19: The Nepal Oil Corporation has once again hiked the price of petroleum products for the second time in 11 days.

NOC hikes price of petroleum products

December 8, 2017 19:33 pm

KATHMANDU, Dec 8: Following the completion of the elections of House of Representatives and Provincial Assembly, Nepal Oil Corporation (NOC) has increased the price of petroleum products.

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.

NOC hikes price of petroleum products

November 1, 2017 21:03 pm

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, August 15: Nepal and China have sealed three important agreements with long term impact on Nepal's socio-economic development.

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, August 11: A sub-committee of the parliament's Consumer Welfare Relations Committee (CWRC) has directed Nepal Petroleum Dealers' Association to immediately resume fuel supply.

KATHMANDU, August 11: A sub-committee of the parliament's Consumer Welfare Relations Committee (CWRC) has directed Nepal Petroleum Dealers' Association to immediately resume fuel supply.

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, June 20: Nepal Oil Corporation (NOC) paid Rs 37.32 billion in different taxes to the government in the first 11 months of the current fiscal year.

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, April 6: Nepal Oil Corporation (NOC) is installing security locking system in petroleum tankers to control theft of petroleum products.

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 24: Prime Minister Pushpa Kamal Dahal on Tuesday directed concerned agencies to manage storage of petroleum products in a way to meet demand for 90 days.

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, Dec 27: The laxness of the government to clear houses, trees and electricity poles from the project area delayed the construction of Raxwal-Amlekhgunj Petroleum Pipeline.

KATHMANDU, Sept 22: The much-talked about petroleum pipeline project has gathered momentum after a brief halt due to last year's economic blockade.

KATHMANDU, Aug 23: The government is preparing to form an autonomous regulatory body to oversee the country’s petroleum sector.

KATHMANDU, Aug 22: Prime Minister Pushpa Kamal Dahal on Monday inquired of Minister for Supplies Deepak Bohara about the shortage of petroleum products in the Kathmandu Valley.

KATHMANDU, Aug 21: Nepal Oil Corporation (NOC) has assured that the distribution of petroleum products would be smooth in a day or two.

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.