KATHMANDU, March 27: India has refused to provide a grant of about Rs 17 billion as per the agreement reached between the two countries to build two petroleum pipelines and a fuel storage facility in Nepal. The state-owned Indian Oil Corporation (IOC) is reluctant to proceed with the project with grants as per the agreement reached with India during Prime Minister Pushpa Kamal Dahal’s official visit in May last year.

Nepal's recent agreement with India to construct petroleum pipelines and storage facilities at a significant cost raises concerns about resource allocation efficiency. While the intention may be to ensure a smooth supply of petroleum products, it is essential to consider alternative solutions that align with Nepal's national interests.

KATHMANDU, June 1: An agreement has been reached between Nepal and India for the construction of two important pipelines in the ongoing India visit of Prime Minister Pushpa Kamal Dahal.

KATHMANDU, Sept 28: Acting Prime Minister Ishwor Pokhrel and visiting Indian Minister for Petroleum and Natural Gas, Dharmendra Pradhan, held a meeting today on the issue of progress in the extension of petroleum pipelines between the two countries.