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 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: Home Minister Balkrishna Khand, also the Acting Prime Minister, has directed the authorities concerned to immediately fix the problems surfaced recently in the supplies of petroleum products.
KATHMANDU, March 29: Nepal Oil Corporation (NOC) has proposed declaring a public holiday on Sunday. The corporation has written a letter to the government, proposing giving one more day off to reduce fuel consumption by reducing the use of public and government vehicles.
KATHMANDU, March 8: The government has decided to provide funds for the purchase of petroleum products to the Nepal Oil Corporation (NOC), which is in trouble after accumulated savings fell to zero due to a hike in the prices of petroleum products in the international market.
KATHMANDU, March 3: With the sharp rise in the prices of Brent crude oil in the international market as a result of Russia's invasion in Ukraine, the Nepal Oil Corporation (NOC) has decided to hike the prices of petrol and diesel by Rs 5 per liter.
In this context, the market for petroleum products is so sensitive that fluctuations in the international market price may not take long to make a profit or loss in crores of rupees. Nepali private sector entrepreneurs are not in a position to take this risk.
KATHMANDU, Nov 15: Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that priority will be given to the policy of reducing the use of vehicles, factories and materials that use petroleum products.
KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has yet again increased the prices of petroleum products. The price of petrol, diesel and kerosene has been increased by Rs 2 per liter each with effect from Wednesday.
KATHMANDU, Jan 31: The Nepal Oil Corporation (NOC) has agreed to increase the commission paid to petroleum dealers. This comes after the dealers pressed NOC to increase the commission of diesel and petrol by about 36 paisa per liter. The dealers had stated that it was difficult to sustain their business with prior commission rate.
KATHMANDU, Jan 13: Stating that it has become difficult to run the business as the Nepal Oil Corporation (NOC) has not increased the commission for selling petroleum products for four years, the fuel distributing entrepreneurs have announced to increase the fuel price on their own, if NOC does not increase the rate of commission for the oil distributors.
KATHMANDU, March 19: A numbers of gasoline sellers have been found to be involved in the black marketing of the petroleum products taking undue advantage of soaring demand for essentials amid ongoing threat of COVID-19 and weak government monitoring.
BIRATNAGAR, March 18: Petroleum Dealers Association Koshi chapter has urged consumers not to go after rumours of a shortage of fuel. The Association has also requested consumers not to hoard petroleum products, more than required, based on the baseless rumour that the border points with India would shut down.
KATHMANDU, March 16: Most of the private petrol pumps in the Kathmandu Valley wore a deserted look, while those operated by Nepal Army, Nepal Police and Sajha Cooperative saw long queues on Sunday despite the government claim that there would be no shortage of petroleum products.
KAILALI, Jan 26: The Sonaha people have been managing their livelihood by searching gold in the Karnali River that flows from Tikapur of Kailali and Rajapur of Bardiya. Their livelihood depends upon gold panning in the banks of the river. Similarly, Sudurpashchim province has immense possibility of petroleum products.
KATHMANDU, Nov 25: Nepal spent 16.6% less in import of petroleum products in the first three months of the current fiscal year – FY2019/20 compared to the same period last year despite an increase in the import volume by 7%.
KATHMANDU, Sept 18: Nepal Oil Corporation (NOC) has increased the prices of petrol, diesel, and kerosene from Monday night, September 17, yet again. This is the fourth hike after the KP Sharma Oli led government came into power.
KATHMANDU, Sept 15: India’s undeclared economic blockade on Nepal in 2015 which completely obstructed the passage for petroleum products and other essentials to Nepal inspired three eighteen-year-olds to conduct a test in search of an alternative to petrol.