NOC is still at a Rs 50 billion loss.  Who is then making the profit from higher prices of petroleum products?

NOC is still at a Rs 50 billion loss.  Who is then making the profit from higher prices of petroleum products?

August 17, 2022 15:53 pm

KATHMANDU, August 17: Throughout the last fiscal year, the consumers were forced to buy fuel by paying much higher prices. Nepal Oil Corporation (NOC), which has a monopoly in the petroleum business in Nepal, should have made profit by selling petroleum products at higher prices. But this is not the case. The accumulated loss of the NOC has reached Rs 50 billion by the end of the last fiscal year 2021/22

After years of stalemate, NOC announces a month’s pay as bonus to staffers

After years of stalemate, NOC announces a month’s pay as bonus to staffers

January 12, 2020 08:36 am

KATHMANDU, Jan 12: Nepal Oil Corporation (NOC) on Saturday announced to provide a month’s pay as a bonus to its employees although its similar announcements in the past were barred by various government bodies including parliamentary committees.

Trending

thumb-pic1
King of Qatar to hold meeting with PM Dahal, preparations underway to sign six bilateral agreements
thumb-pic1
Emir of Qatar returns home after wrapping up state visit to Nepal
thumb-pic1
Qatar Emir meets PM Dahal, bilateral agreement and MoUs signed between Nepal and Qatar
thumb-pic1
Prez Paudel solicits Qatar’s investment in Nepal’s water resources, agriculture and tourism sectors
thumb-pic1
Indian customs releases trucks carrying Nepali tea, halted across Kakarbhitta
thumb-pic1
West Indies ‘A’ cricket team arrives in Nepal
thumb-pic1
PM Dahal hosts luncheon in honor of Qatari Emir
thumb-pic1
Employee involved in distribution of fake license transferred to CIAA!
More

Just In