Stories Tagged 'Nepal oil corporation'
Nepal Oil Corporation (NOC) said it was under extreme financial pressure due to rising oil prices in the global market, hinting that it may jack up prices after the Tihar festival which begins next week.
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Nepal Oil Corporation (NOC) has planned to enforce the security locking system on all petroleum tankers that dispatch fuel to domestic petrol pumps by mid February.
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Nepal Oil Corporation (NOC) on Monday expressed its commitment to maintain smooth supply of petroleum products during the Dashain holidays, the biggest festival of Hindus.
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The rise in smuggling of petroleum products from Nepal has become a headache for the state-owned oil supplier Nepal Oil Corporation (NOC) forcing it to seek government’s help to check it.
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The Nepal Oil Corporation (NOC) has decided to start rationing of fuel citing depleting stock due to inadequate supply of petroleum products. According to the NOC, a two-wheeler will be allowed to purchase 5 liters of petrol and light four-wheeler vehicle will be allowed to purchase 15 liters of petrol.
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Nepal Oil Corporation’s (NOC) announcement about mounting monthly losses is a broad hint about an impending price hike, analysts said.
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