KATHMANDU, March 1: The Nepal Oil Corporation (NOC) has announced that it has kept the price of petroleum products unchanged, despite an increase in prices by the Indian Oil Corporation (IOC), NOC’s sole supplier of petroleum products.

NOC increases fuel prices

January 31, 2024 22:24 pm

KATHMANDU, Jan 31: Nepal Oil Corporation (NOC) has increased the price of petroleum products. The new market price of petrol, diesel and cooking gas (LPG) will come into effect from 1:00 am Thursday.

KATHMANDU, Jan 26: The government has introduced the Green Hydrogen Policy, 2080 BS with an aim to promote the green hydrogen sector. The policy aims to advance the production and utilization of green hydrogen by using electricity produced from renewable sources such as hydropower to minimize the impacts of climate change.

DAILEKH, Jan 22: Eighty percent work progress has been reported in a final survey for the exploration of petroleum products in Dailekh. This survey based in Bhirkhet, the project's main point, is said to be decisive for the exploration.

KATHMANDU, Dec 25: In the first five months of the current fiscal year (FY) - from the Nepali month of Shrawan to Mangsir - Nepal has witnessed a notable surge in the consumption of petrol, diesel, and gas, with a total import of 854,150 kiloliters. This marks an eight percent increase compared to the same period in the previous fiscal year when 782,533 kiloliters of fossil fuel was imported.

KATHMANDU, Oct 21: Nepal Oil Corporation (NOC) has stated that 10.5 million liters of petroleum products were consumed from various depots on the sixth day of Dashain i.e. on Friday.

Kathmandu, Oct 2: Within 24 hours after increasing the price of petroleum products, the Nepal Oil Corporation (NOC) took a U-turn and reversed its decision. The state-owned oil monopoly announced its decision to hike the price of petroleum products effective from Sunday midnight (October 2).

NOC reverses petroleum price hike

October 1, 2023 15:00 pm

KATHMANDU, Oct 1: The Nepal Oil Corporation (NOC) has rescinded its recent hike in petroleum product prices. NOC announced that the previous pricing structure will be reinstated starting tonight.

KATHMANDU, Oct 1: In a recent development, the government has rescinded the recently imposed hike in petroleum product prices.

KATHMANDU, Sept 26: The volume of petroleum imports has seen a decline from Shrawan (mid-July to mid-August) to Bhadra (mid-August to mid-September) in the current fiscal year.

KATHMANDU, August 1: Nepal Oil Corporation (NOC) has hiked the prices of petrol, diesel, kerosene and reduced the price of cooking gas cylinder effective from Tuesday midnight.

KATHMANDU, Aug 1: The Nepal Oil Corporation (NOC) reported a rise in the prices of petroleum products imported from India as per the new list sent by the Indian Oil Corporation, the sole supplier of petroleum products to NOC.

KATHMANDU, July 17: The government has implemented the Automated Pricing System (APS) for petroleum products effective from Sunday midnight.

KATHMANDU, July 4: Nepal Oil Corporation (NOC) has reduced the price of petroleum products effective from Monday midnight. The price of diesel, petrol, kerosene and aviation fuel has been decreased.

KATHMANDU, April 21: The government has decided to convene the fourth meeting of the joint taskforce of Nepal and India formed to facilitate the supply of petroleum products and cooking gas.

KATHMANDU, April 17: The government has collected more than Rs 100 billion in eight years from the infrastructure tax imposed on petroleum products. Nepal Oil Corporation (NOC) has been paying tax at the customs point while importing fuel.

Price of petroleum products increased

February 7, 2023 08:45 am

KATHMANDU, Feb 7: The Nepal Oil Corporation has increased the price of petroleum products including diesel, petrol and kerosene.

KATHMANDU, Jan 25: Government authorities have requested fuel stations to not sell and distribute highly flammable petroleum products in open bottles and jars.

KATHMANDU, Jan 9: The Nepal Oil Corporation (NOC) has reduced the price of petroleum products.

KATHMANDU, Jan 6: While Prime Minister Pushpa Kamal Dahal on Thursday directed the Ministry of Industry, Commerce and Supplies (MoICS) to reduce the prices of petroleum products with immediate effect, a pre-scheduled board meeting of Nepal Oil Corporation (NOC), the state-owned oil monopoly, was canceled to avoid facing the PM’s order.

Activists of the student union affiliated with the CPN (Majority) have protested against Nepal Oil Corporation demanding the adjustment of the price of petroleum products.

KATHMANDU, Oct 17: Nepal Oil Corporation (NOC) has again not adjusted the price of petroleum products. Even though new prices are coming from India ona regular basis, the corporation has not adjusted the prices under the pretext of past losses.

KATHMANDU, Sept 30: With the start of Dashain festival, consumption of petroleum products has increased sharply.

KATHMANDU, Sept 2: Nepal Oil Corporation (NOC) has said that it has to pay Rs 21 billion to the Indian Oil Corporation (IOC) for the purchase of petroleum products.

KATHMANDU, August 16: India has reduced the price of petroleum products it supplies to Nepal. The Indian Oil Corporation (IOC) has reduced the price of petroleum products and sent a new price list to the Nepal Oil Corporation (NOC).

KATHMANDU, August 7: Nepal Oil Corporation (NOC) is going to build a fuel storage tank of 8.7 million liters (8,700 kiloliters) in Amlekhgunj. The corporation is going to build infrastructure including fuel storage with an investment of around Rs 3.15 billion.

KATHMANDU, August 1: The Indian Oil Corporation (IOC) has reduced the prices of petroleum products and sent a new price list to Nepal Oil Corporation (NOC).

KATHMANDU, August 1: Petroleum transporters have called off the protest they scheduled to launch from Monday after receiving assurance from Nepal Oil Corporation (NOC) to fulfill their demand.

KATHMANDU, JULY 17: The Indian Oil Corporation (IOC) has sent a new fuel price list to Nepal Oil Corporation. The price of petroleum products has decreased in the price list.

KATHMANDU, July 4: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products again. NOC increased the price of petrol by Rs 9 per liter and diesel/ kerosene by Rs 2 per liter with effect from Monday midnight.

KATHMANDU, June 30: While the prices of petroleum products are rising in the international market, Nepal Oil Corporation (NOC) is bearing a loss of Rs 10 billion monthly. According to the employees' union, the main reason for such a loss is the government's intervention.

KATHMANDU, June 25: The government has announced to reduce the price of petroleum products by removing taxes levied on these products under various headings.

KATHMANDU, June 24: Nepali Congress (NC) leader Shekhar Koirala has suggested the government remove the tax on petroleum products for the time being.

KATHMANDU, June 20: The government has massively increased prices of petroleum products effective from midnight Sunday.

KATHMANDU, June 10: The Nepal Oil Corporation (NOC) has increased the prices of petroleum products. The increment was made after the NOC failed to pay the regular installment to Indian Oil Corporation (IOC)-- the sole supplier of petroleum products.

KATHMANDU, June 3: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has clarified that acute shortage of petroleum products in the global market has triggered price hike in Nepal.

KATHMANDU, June 3: CPN-UML lawmaker Yagya Raj Sunuwar has said that the government has committed an immoral act by increasing the price of petroleum products.

KATHMANDU, June 2: Nepal Oil Corporation (NOC) has reduced prices of petrol, diesel and kerosene by Rs 10 per liter effective from midnight today.

KATHMANDU, June 2: The Indian Oil Corporation (IOC) that supplies petroleum products to Nepal has sent increased prices of petroleum products to Nepal as consumers continue to be hit hard by the rising prices. This comes barely a week after Nepal Oil Corporation (NOC) increased the prices of petroleum products in line with the price list sent by the IOC.

KATHMANDU, May 27: The government has decided to reduce the infrastructure tax on petroleum products. A Cabinet meeting held on Friday decided to provide relief to the consumers by reducing the tax being levied on petroleum products.

KATHMANDU, May 25: Activists affiliated to various student unions besieged the office of Nepal Oil Corporation (NOC) on Wednesday, demanding withdrawal of the recent price hike of petroleum products and control of market prices.

KATHMANDU, May 24: A delegation of 15 student unions today called on Minister for Industry, Commerce and Supplies, Dilendra Prasad Badu, drawing the government's attention to the fresh rise in the prices of petroleum products. During the meeting, they handed a memorandum toward this end to the minister.

KATHMANDU, May 23: Nepal Oil Corporation (NOC) incurred a loss of Rs 47 billion in the last 10 months. The corporation reports that the loss has been caused by the persistent rise in the price of petroleum products in the international market.

KATHMANDU, May 23: National Assembly member Bhairav ​​Sundar Shrestha has said that the government has failed to give the impression of being a government by increasing the price of petroleum products.

KATHMANDU, May 22: The government has hiked the prices of LPG gas cylinder by Rs 200 each cylinder and petroleum products by Rs 10 per liter.

KATHMANDU, Feb 20: Nepal Oil Corporation (NOC) has again increased the prices of petroleum products.

KATHMANDU, April 11: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said that solutions to the problems of price increment of the petroleum products and its transport and supply would be resolved scientifically by prioritizing the interests of the consumers.

KATHMANDU, April 6: Nepal Oil Corporation (NOC) has increased the price of petroleum products.

KATHMANDU, April 4: Supply of petroleum products in the local market has eased following an agreement between the protesting petroleum entrepreneurs and the Nepal Oil Corporation, the state-owned trading enterprise of the country that imports, stores and distributes petroleum products.

KATHMANDU, April 3: The government has urged the bodies concerned and the traders to provide petroleum products and other daily consumption goods in an easy and smooth manner.