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

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.