Among fuel, petrol is used most. Petrol is used in motorcycles, vehicles etc.The users of vehicles are increasing which certainly increases the consumes of petrol.
In the context of Nepal, petrol is used most. Due to geographical division, motorcycle is the most common, simple and accurate means of transportation. So, here the users of motorcycles are increasing day by day which directly increases the usage of petrol. The requirement of petrol is maximum in Nepal.
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| No petrol written in petrol pump |
As we know Nepalese people mostly used motorcycles, there is increment in petrol usage. The users are increasing day by day. Now there is not enough petrol in Nepal. There is scarcity of petrol. Now a days, we see people standing in a line to have petrol. We can't see this situation in foreign countries. There is sufficient petrol but in our country it has became our habit to stand on a line. Such crisis occurs only in Nepal. The government of Nepal can't afford enough petrol to us.
The condition of crisis has ruined people’s life. At the mean time, the price has also been increased. People are angry about that. The price has been increasing from three months. the Government of Nepal is just watching and sitting. Its shamed to government of Nepal. It has not done any work yet to solve this problem. OIL CORPORATION of NEPAL is also sitting like an idle.Nepalese people are lacking of petrol. It's bad to hear that. People are bored of that crisis. It has been long time. People are facing many problems about petrol. The price has also been increased to 100 Rs. per liter. This increment has made people worry in our country.
Causes of petrol crisis in Nepal:
- lack of goverment.
- lack of oil corporation department.
- lack of new ruler.
- lack of goveerment law & its implementation.
- lack of stable goverment. etc.
Present Condition of petrol in Nepal
In April,
15th,
The Kathmandu Valley
“The shortage will continue for a few more days if the Nepal Oil Corporation fails to pay its dues to the Indian Oil Corporation,” according to NOC Deputy Managing Director Bachchu Kumar Kafle. “The import of petroleum products has decreased by 30 to 35 per cent,” said Kafle adding that it has not been able to pay regular installments to its sole supplier IOC. NOC currently owes around IRs 1 billion to IOC. “The import could decrease more if the NOC cannot clear its dues,” said Kafle.
“The shortage will continue for a few more days if the Nepal Oil Corporation fails to pay its dues to the Indian Oil Corporation,” according to NOC Deputy Managing Director Bachchu Kumar Kafle. “The import of petroleum products has decreased by 30 to 35 per cent,” said Kafle adding that it has not been able to pay regular installments to its sole supplier IOC. NOC currently owes around IRs 1 billion to IOC. “The import could decrease more if the NOC cannot clear its dues,” said Kafle.
17th,
Nepal Oil Corporation (NOC) on Sunday made it clear that despite a drop in import it is supplying the petroleum products regularly and the recent shortage is an artificial one.
Speaking at an interaction with the press, NOC Chairman Digambar Jha claimed that the shortage is the upshot of the recent media reports thatIndia
Speaking at an interaction with the press, NOC Chairman Digambar Jha claimed that the shortage is the upshot of the recent media reports that
Crisis of petroleum product has hit the consumers owing to the lack of sufficient supply in the market by the Nepal Oil Corporation (NOC).The problem has been appeared after the NOC reduced the import by 45 per cent after its failure to pay its dues to the Indian Oil Corporation (IOC). Last week, the government decided to provide Rs 1.5 billion to the NOC in a bid to ease the petroleum supply in the market. Similarly, the reserve of the petroleum will remain for maximum four days, said NOC.
18th,
The authorities in the government and the NOC need to burn midnight oil to come up with a solution to address the concerns of those queuing up for fuel. But neither the debt-ridden NOC nor the government is willing to pour oil in depots with thousands waiting in queues to get petrol for the last one week.
NOC will not be able to resume smooth supply of petroleum products for another week due to reduced import in the wake of its inability to pay the rising import bill and the strike of tankers since for a week.Petroleum price has touched $124 per barrel in the international market. “
According to the oil monopoly, its loss in April will be Rs 1.96 billion compared to earlier estimation of Rs 1.77 billion, as per the rate sent by the sole supplier, Indian Oil Corporation, on April 16. “The government should hike petrol prices by 10 per cent and aviation fuel prices by 20 per cent to reduce loss,” he suggested.
NOC has also advised the Ministry of Commerce and Supply to provide subsidy on diesel used in public transportation. “If we provide subsidy on diesel, the poor will not suffer and the market price will not rise,” he said, adding that NOC and consumers should jointly bear one-third of the increased cost of diesel.
“NOC incurs Rs 24 loss on a litre of diesel,” Jha said, adding that consumers, government and NOC should each contribute Rs 8 per litre of diesel to neutralise the loss. “The government can reduce taxes equal to the proposed contribution,” he added.
Currently, the government is earning Rs 12.42 on a litre of diesel, Rs 30.90 per litre of petrol, Rs 2.04 on a litre of kerosene and Rs 12.73 a litre on aviation fuel as revenue.
However, NOC is incurring Rs 23.26 loss on a litre of diesel, Rs 11.25 a litre on kerosene, Rs 10.02 per litre of aviation fuel and Rs 6.30 a litre on petrol, he informed, while asking the government to increase the prices at the earliest.
“If petroleum prices were not hiked, NOC will not be able to ensure smooth supply of fuel,” he said, adding that NOC does not have sufficient fuel storage in
It has 29,000 kilolitre of diesel and 15,000 kl petrol stock in Thankot depot that will last for just four days.
: Fed up with fuel shortage for over a week, people today sought a thorough probe of Nepal Oil Corporation, the government monopoly for petroleum products.
The reporter sought the opinion of a dozen people from among hundreds queued up in the scorching sun at five different petrol pumps as to what should be done to ease the supply of fuel. All of them urged the government to investigate NOC operation and accounts. They also alleged substantial irregularities at NOC. Eight out of 12 respondents complained they were losing hours of work-time waiting for fuel.
At Sajha Petrol Pump, Sanjaya Bhattarai said he had already waited about four hours to fill his motor-bike tank, but the petrol tanker was yet to arrive. “The government should investigate the deal between NOC and Indian Oil Corporation and eliminate irregularities in the state-owned corporation that had brought the supply of a basic need to almost a halt,” said Bhattarai, a marketing professional. He had already missed office two days in a row due to lack of fuel. He wondered about the economic loss the country was incurring with people spending hours waiting unproductively.
The reporter sought the opinion of a dozen people from among hundreds queued up in the scorching sun at five different petrol pumps as to what should be done to ease the supply of fuel. All of them urged the government to investigate NOC operation and accounts. They also alleged substantial irregularities at NOC. Eight out of 12 respondents complained they were losing hours of work-time waiting for fuel.
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| People in line to get petrol |
Dilip Sigdel, who queued up at Ripumardini Petrol Pump, Bhadrakali, said if a closely monitored private sector were allowed to operate the supply of fuel, service would improve. “We buy fuel with cash, but NOC has always been citing loss and jacking up the price of petrol, so a thorough investigation is a must, as it is a public concern.”
Taxi driver Laxman Karki, at a petrol pump in Minbhawan, said the government must act immediately to guarantee supply of basic services and look into irregularities at NOC.
20th,
Oil prices rose above $109 a barrel Wednesday in Asia after a report showed U.S.
Nepal Oil Corporation is running out of stock. “The remaining stock will barely last a week,” said Thankot depot Chief Bhuwaneshwor Rajbhandari.
The state-oil monopoly has been using its stock to meet the demand for fuel. It imported only 236 kl petrol and 220 kl diesel today, but supplied 279 kl petrol and 377 kl diesel.
Even though its board decided yesterday to distribute petroleum products from its storage in Thankot depot, it has only 1,000 kl petrol and 2,500 kl diesel in stock.
As NOC and petroleum dealers blamed each other for the fuel crisis, the Department of Commerce stepped in to monitor petrol pumps and check whether dealers were hoarding petroleum as alleged by NOC.
“NOC is at present supplying only 60 to 70 per cent of the normal fuel consumed, Saroj Prasad Pande, president of Nepal Petroleum Dealers’’ National Association (NPDNA) said, adding that the demand side has increased two-fold due to scarcity in the last two weeks. He asked the government to monitor the pumps silently instead of making a loud noise.
Amid this controversy, Nepal Oil Corporation sought another Rs 1.75 billion loan from the government. However, it has not received any response from the Finance Ministry so far.
“NOC broad meeting yesterday decided to increase the import of petroleum products, use the stock at NOC to ease the current crisis and monitor the market,” Ganesh Prasad Dhakal said.
The meeting could not decide on price hike. “Even though NOC board can hike the price, it is awaiting a report from the high level committee on NOC,” Dhakal said.
NOC supply chart “NOC broad meeting yesterday decided to increase the import of petroleum products, use the stock at NOC to ease the current crisis and monitor the market,” Ganesh Prasad Dhakal said.
The meeting could not decide on price hike. “Even though NOC board can hike the price, it is awaiting a report from the high level committee on NOC,” Dhakal said.
Wednesday
Petrol — 279 kl
Diesel — 377 kl
Tuesday
Petrol — 282.6 kl
Diesel – 385 kl
Monday
Petrol — 275 kl
Diesel — 385 diesel kl
Sunday
Petrol — 311 kl
Diesel — 415 kl
While the Capital city reels under acute shortage of petroleum products, various people define the implications in as many ways. With low fuel supply, traffic in the city has become sparse which ultimately has made traffic cops job easier. On the other hand, those relying on public transport services are bearing the brunt as they are packed line sardines in buses and micro buses.
The others who hail a taxi are forced to pay exorbitant charge. And there is even some who don't shy away from saying that thin traffic in capital city gives them room to breathe.
Since April 11, the fuel supply has been halved as the state-owned oil monopoly has failed to pay to its supplier.
Most of the vehicles are forced to spend time in front of petrol pumps. As a result, the number of two-wheelers and four-wheelers plying the road has come down. And for the traffic cops, who usually face a hard time managing the Valley's traffic, it's not as cumbersome to regulate the flow.
23rd,
The board meeting of Nepal Oil Corporation on April 19 had decided to write again to the Finance Ministry to release Rs 1.75 billion. Earlier, it had requested the Finance Ministry to release the loan about a week ago. But, the Finance Ministry has not released the loan money, so far.
Meanwhile, state-oil monopoly has decided to keep its depot open on Sunday even though it is a public holiday. “NOC has been putting its best effort to ease the fuel supply,” its deputy managing director Bachchu Kumar Kafle said, adding that the decision of opening the depot on a public holiday is aimed at making the supply situation normal.
25th,
There seems no early end to consumers’ woes as petroleum supply is going to be prolonged.
“The government will not take any decision to help smoothen fuel supply until High Level Commission submits its report on Nepal Oil Corporation’s reform,” according to finance minister Bharat Mohan Adhikari.
“The Ministry is waiting for the Commission’s report,” he said, adding that the government will implement its recommendations.
Nepal Oil Corporation has asked Finance Ministry to release Rs 1.75 billion loan at the earliest for the smooth supply of petroleum products as it is in loss.
At the same time, Indian Oil Corporation told that the sole supplier of petroleum products to Nepal Oil Corporation is not going to resume normal supply of petroleum products unless NOC clears all its dues.
The oil monopoly has also asked for tax exemption on petroleum products.
However, revenue secretary Krishnahari Banskota said that Finance Ministry is not in the condition to provide tax exemption. “It is impossible to provide VAT and other tax exemption since the ministry itself is hit by the low revenue mobilisation against the target,” he said, adding that Finance Ministry has asked Ministry of Commerce and Supplies to adjust the price to ensure smooth supply.
29th,
NOC’s Thankot depot, country’s second largest storage facility, is left with mere 1,100 kl of petrol and 1,800 kl of diesel. The stock is barely enough to meet the need for the next two days before hitting, what NOC officials, call the ‘dead stock’ — the last 600 kl of petrol and 800 kl of diesel that cannot be pumped out for distribution and use.
But NOC officials privately confided that they had internally communicated, by word of mouth, to downplay the stock that is the lowest since 1990.
According to NOC sources, the looming fuel crisis is due to the government’s apathy. The state oil monopoly says it cannot ensure smooth supply unless it either receives loan from the government or the state raises the price of petroleum products substantially. But the Finance Ministry is saying it cannot give more loans to NOC at present, rather it may strictly ask the state oil monopoly to repay its loan.
30th,
The consumption of petroleum products has significantly increased in the country, according to data released by Nepal Rastra Bank (NRB).
Petroleum products worth Rs 44.22 billion have been imported from
The import of petroleum products has increased by 53.5 per cent in the current fiscal year. The growth rate was only 3.2 per cent during the corresponding period of last fiscal year, it said. Consumption of petroleum products has increased in the country due to frequent power outage problem along with increasing number of vehicles.
According to the current projection of Nepal Oil Corporation, the country consumes 15,000 kilo litre (kl) petrol and 70,000 kl diesel in a month
According to the current projection of Nepal Oil Corporation, the country consumes 15,000 kilo litre (kl) petrol and 70,000 kl diesel in a month
However, private sector has been saying that the consumption has extensively increased due to increase in the energy demand.
May 1st,
The government has asked the Indian government for the smooth supply of petroleum products. The Ministry of Foreign Affairs on Friday wrote to the Ministry of External Affairs, India
Of late, Indian Oil Corporation, the sole supplier of Nepal Oil Corporation (IOC), has reduced supply due to Nepal Oil Corporation’s (NOC) inability to clear its dues. “We have requested the Indian government not to reduce the supply at least for another two months,” Ojha said, adding that he is hopeful of resumption of normal import of petroleum products
“However, the credit will come to around Rs 4 billion,” according to the state oil monopoly that had on Friday also written to its sole supplier Indian Oil Corporation to resume normal supply of petroleum products. After getting green signal from the finance ministry, Nepal Oil Corporation had requested IOC to resume normal supply.
Meanwhile, the state oil monopoly will incur a loss of Rs 2.7 billion this month, according to the new price list sent by IOC today.
Meanwhile, the state oil monopoly will incur a loss of Rs 2.7 billion this month, according to the new price list sent by IOC today.
The corporation will incur a loss of Rs 8.1 on a litre of petrol, Rs 23.42 on a litre of diesel, Rs 13.61 on a litre of kerosene, and Rs 322.6 on a cylinder of cooking gas, according to Mukunda Prasad Dhungel, spokesperson of the NOC.
However, it still earns profit of Rs 7.6 on a litre of Air Turbine Fuel (ATF).
As per the price list of April 15, the state oil monopoly was incurring a loss of Rs 6.30 on a litre of petrol, Rs 23.26 on a litre of diesel, Rs 11.25 on a litre of kerosene and Rs 288.86 on a litre of cooking gas. The corporation was making a profit of Rs 10.2 on a Litre of ATF.
The corporation had projected a total loss of Rs 1.96 billion every month as per the price list. However, the loss for April decreased due to short supply of petroleum products in recent weeks.
May 2nd,
The scarcity of petroleum products has been hitting the consumers hard. The shortages seem to be a perennial problem, for the Nepal Oil Corporation (NOC), which enjoys the monopoly of selling petroleum products, is unable to meet the demand. This is largely attributed to its inability to pay the Indian Oil Corporation (IOC) for the POL products it imports from However, the high level commission studying the management of the NOC is saying the current crisis is completely artificial created by officials at the ministry and NOC. The commission is squarely blaming the Secretary of the Ministry of Supplies and the Director General of the NOC.
It is ironic that the UCPN-M, which is waging a movement of national sovereignty, is tacitly supporting moves that increase
At present there is rampant corruption within the monopoly, and it is doling out free fuel to politicians and their friends and families. The government must first think about rooting out networks of corruption in the fuel supply chain, and then adopt a policy to lessen dependence on fossil fuel. Commitment to policy reforms should precede any short term attempt to address the situation.
In the meantime, it could help if alternative sources of energy were promoted. As we all know,
May 4th,
The petroleum crisis that has hit hard consumers over the last couple of weeks is likely to end from Friday onwards. The condition will be normal within two days as the Nepal Oil Corporation (NOC) increased the import of petroleum products.
The NOC is going to bring 24,000 KL fuel ---petrol, diesel and kerosene--- from Raxaul on Wednesday, according to the spokesperson for the NOC, Mukunda Prasad Dhungel. He said the distribution of fuel will ease once the petroleum product reaches the capital.
The petroleum crisis was seen in the Nepali market for the last two weeks after the Indian Oil Corporation cut down on the fuel supply by 40 per cent after the NOC could not pay off the dues of around Rs. 2 billion .Of late, the government provided Rs. 1.5 billion to the NOC to pay clear the dues.
Currently, there is a demand of 200,000 liters petrol and 300,000 liters diesel in the valley daily.
The government has received a positive response from the Indian government on its request to supply petroleum products on credit for some time. With this, the supply situation of the petroleum products in the country is expected to become normal in a couple of days, sources said.
In the face of acute shortage of petroleum products, Ministry of Foreign Affairs had written to the Ministry of External Affairs,
The normal consumption of petroleum products is projected at 4,400 kl at present. However, the government has decided to import more than normal quantity to refill its depots, he said, adding that most of its depots have been running out of stock due to low imports for the past three weeks. It is believed that most of depots have hit the dead-stock.
May 6th,
A meeting of the Council of Ministers on Friday decided to provide Rs 2 billion in loan to the fund crunch-hit Nepal Oil Corporation (NOC) to tackle the recent fuel crisis in the country.
The loan is being provided to the NOC, the state monopoly for import and distribution of petroleum products in the country, through the Employees Provident Fund under the government guarantee.
The Indian Embassy in
May 7th,
It has also advised the government to chalk out plans to bring the private sector into petroleum business to make the state oil monopoly more competitive and responsible. However, it has ruled out possibilities of establishing mini-refineries in the country. The committee formed on March 23 had visited major depots of NOC and conducted a series of meetings with the stakeholders before finalizing its report.
Meanwhile, the Cabinet today decided to lend Rs 2 billion to NOC through Employees’ Provident Fund under the government guarantee.
May 11th,
Falsifying the report of High Level Committee, Nepal Oil Corporation (NOC) has said that there are no dues it has to receive from its supplier Indian Oil Corporation (IOC).
“No dues has to be received by Nepal Oil Corporation from Indian Oil Corporation according to the agreement between IOC and NOC in 2007,” NOC managing director Digambar Jha said, dubbing the high level committee report as ‘baseless’
“No dues has to be received by Nepal Oil Corporation from Indian Oil Corporation according to the agreement between IOC and NOC in 2007,” NOC managing director Digambar Jha said, dubbing the high level committee report as ‘baseless’
“Nepal used to pay customs duty before the 2007-agreement,” he said, adding that the agreement scrapped all the provisions of customs duty and started new mechanism called Price Adjustment Factor. But the High Level Committee led by Constituent Assembly member Bhim Acharya has recommended the government to ask for Rs 14 billion duty draw back Jha said that Nepal is importing petroleum products on the basis of Import Parity Prices and India
“Consumers are bearing seven to nine per cent price hike load due to failure in getting back duty drawback from India
NOC has said that Price Adjustment Factor should not be understood as a customs duty. “Price Adjustment Factor mainly incorporates difference of notional customs and brand rate which involves refinery charge, transportation charge and other technical losses,” according to NOC.
NOC has said that Price Adjustment Factor should not be understood as a customs duty. “Price Adjustment Factor mainly incorporates difference of notional customs and brand rate which involves refinery charge, transportation charge and other technical losses,” according to NOC.
“IOC has agreed to exempt customs duty paid in India to exports made to Nepal
May 14th,
Petroleum products’ supply is likely to resume from Monday, according to Nepal Oil Corporation (NOC). The corporation received Rs 2 billion loan from Employees’ Provident Fund on Thursday, NOC’s deputy managing director Bachchu Kumar Kafle said, adding that the corporation has cleared dues of its sole supplier Indian Oil Corporation (IOC) on Friday. On Friday, NOC sent Rs 1.25 billion to IOC, he said.
The situation has changed now, Kafle said, adding that NOC can resume import since it has received loan from the government. The import and supply of petroleum products have been disrupted due to public holidays and nationwide strike, Kafle said.
. “The situation will improve because the corporation will resume imports as projected,” he said. However, consumers are not sure whether state-oil monopoly will be able to supply the fuel as per demand.
The situation has changed now, Kafle said, adding that NOC can resume import since it has received loan from the government. The import and supply of petroleum products have been disrupted due to public holidays and nationwide strike, Kafle said.
. “The situation will improve because the corporation will resume imports as projected,” he said. However, consumers are not sure whether state-oil monopoly will be able to supply the fuel as per demand.
“Normal supply of petroleum products has been mere a rhetoric since last week,” a consumer rights activist said.
May 16th,
May 16th,
Nepal Oil Corporation has stopped supplying petroleum products to some petrol pumps after they were suspected of distributing the products out of the valley, though they were supposed to distribute only within their designated areas.
“NOC halted supply to Sita Care after an inspection committee discovered that its tank was out of stock, though NOC had supplied it 4,000 liter petrol four days ago,” NOC spokesperson Mukunda Prasad Dhungel said.
“NOC halted supply to Sita Care after an inspection committee discovered that its tank was out of stock, though NOC had supplied it 4,000 liter petrol four days ago,” NOC spokesperson Mukunda Prasad Dhungel said.
However, NOC spokesperson ruled out possibility of malintention of the corporation. “The committee will submit its report on May 18 and will take action under existing regulation,” Dhungel said.
Meanwhile, the board meeting of the corporation has decided to stop bulk supply from the petrol pumps after it discovered the bulk supply from Kathmandu-based Kamaksha Oil Store to outside the Valley.
According to NOC MD Digambar Jha, petrol pumps have to sell petroleum products in respective areas where the pumps are located. “If they donot follow, there is no clear provision of punishment.”
May 21th,
“The report is populist,” association president Saroj Prasad Pande said, alleging the report to be ‘baseless and bias’.
Challenging the report today - after two weeks of the report submitted to the Prime Minister - dealers ruled out irregularities from the petroleum dealers.
The report blamed dealers of cheating Rs 5.4 billion every year.
“The dealers have been supplying five per cent less petroleum products compared to the price consumers pay,” the report has said quoting their representatives.But Pandey asked the government to monitor petrol pumps and take actions, if found guilty.
The committee had submitted the report to Prime Minister Jhala Nath Khanal on May 6.
The Premier - after the cabinet’s endorsement - has handed over the report to Ministry of Commerce and Supplies to take immediate action according to its recommendations.
Nepal Oil Corporation has also started investigation on some petrol pumps - Kamakshya Oil Store, Sita Oil and The Modern Amenities — but it did not punish any of them.
Pandey - also alleging the committee for being influenced by Nepal Oil Corporation - blamed the report of ignoring private sectors concerns.
However, the committee had invited and discussed with not only government agencies but also private sector representatives of petroleum dealers, cooking gas companies, and all the stakeholders before finalising the report.
“The committee has recommended flat commission rate to the dealers,” he said, adding that the association will not agree on the flat commission rate. Currently, dealers get three per cent commission from Nepal Oil Corporation.
The report has also recommended replacement of mechanical pump with electronic pump, which, according to the association, is also not justifiable. “Irregularities cannot be stopped only by replacing technology,” he said, but did not suggest how to control irregularities, though he asked the government to make monitoring agency strong.
Pandey also criticised the report’s recommendation of operating petrol pumps by government entities like Salt Trading and National Trading.The report has suggested the government to let Salt Trading and National Trading also to operate petrol pumps that could smoothen supply during strikes by the dealers and transporters.
Only Nepal Police and Nepal Army are suppling petroleum products, currently.
May 30th,
Neither Nepal Oil Corporation nor Ministry of Commerce and Supplies seem interested in reforming state oil monopoly for the smooth supply of petroleum products.
A high level committee formed by the government to study and recommend NOC reforms had submitted its report to the Prime Minister Jhala Nath Khanal on May 6. The report has charted immediate, short-term, medium term and long term reforms programmes in the petroleum business.
Under the immediate action plan, the reports has recommended control and monitor leakages, inspect petroleum pumps and bottling plants, and discourage import from Barauni depot of Indian Oil Corporation. However, not a single recommendation has been followed. The report has stated formulation of guidelines to control and monitor the leakages of petroleum products unless a new act is promulgated within a month. However, its almost a week left for a month but the ministry has not initiated the task so far. “It is hard to formulate separate guideline within a week,” a source at the Nepal Oil Corporation said.
The report also recommended Nepal Oil Corporation, ministry and local administration to inspect petrol pumps and bottling plants of cooking gas on a monthly basis and publicize the inspection report regularly.
However, the state oil monopoly thinks that market monitoring is not ist duty. “Department of Standard and Meteorology is responsible for carrying out monitoring,” said NOC managing director Digambar Jha.
according to the report, in absence of monitoring, the consumers are being ‘cheated’ in cooking gas and petrol both as they are not getting for what they pay.
The report has suggested to set up a permanent body to ensure the complete weight of cooking gas. “Consumers should get chance of weighing while buying a cooking gas cylinder,” the report said. But according to Jha, a consent from Department of Standard and Meteorology is a must to execute the provision.
The report has further recommends the government to discourage import of petroleum products from Barauni depot instead of Raxaul depot of Indian Oil Corporation. But, according to Jha, it is impossible to reduce the import from Barauni. “Indian Oil Corporation is not in the condition to supply petroleum products according to Nepali market’s demand from its Raxaul depot,” Jha said.
The government on March 23 had formed a High Level Committee led by Constitutient Assembly member Bhim Acharya to a submit report on Nepal Oil Corporation and it reform for the smooth petroleum products supply.
The government, after cabinet’s approval, has forwarded the report to Ministry of Commerce and Supplies for its implementation at the earliest. Similarly, it has also formed a committee led by chief secretary Madhav Prasad Ghimire to regularly monitor progress.
A high level committee formed by the government to study and recommend NOC reforms had submitted its report to the Prime Minister Jhala Nath Khanal on May 6. The report has charted immediate, short-term, medium term and long term reforms programmes in the petroleum business.
Under the immediate action plan, the reports has recommended control and monitor leakages, inspect petroleum pumps and bottling plants, and discourage import from Barauni depot of Indian Oil Corporation. However, not a single recommendation has been followed. The report has stated formulation of guidelines to control and monitor the leakages of petroleum products unless a new act is promulgated within a month. However, its almost a week left for a month but the ministry has not initiated the task so far. “It is hard to formulate separate guideline within a week,” a source at the Nepal Oil Corporation said.
The report also recommended Nepal Oil Corporation, ministry and local administration to inspect petrol pumps and bottling plants of cooking gas on a monthly basis and publicize the inspection report regularly.
However, the state oil monopoly thinks that market monitoring is not ist duty. “Department of Standard and Meteorology is responsible for carrying out monitoring,” said NOC managing director Digambar Jha.
according to the report, in absence of monitoring, the consumers are being ‘cheated’ in cooking gas and petrol both as they are not getting for what they pay.
The report has suggested to set up a permanent body to ensure the complete weight of cooking gas. “Consumers should get chance of weighing while buying a cooking gas cylinder,” the report said. But according to Jha, a consent from Department of Standard and Meteorology is a must to execute the provision.
The report has further recommends the government to discourage import of petroleum products from Barauni depot instead of Raxaul depot of Indian Oil Corporation. But, according to Jha, it is impossible to reduce the import from Barauni. “Indian Oil Corporation is not in the condition to supply petroleum products according to Nepali market’s demand from its Raxaul depot,” Jha said.
The government on March 23 had formed a High Level Committee led by Constitutient Assembly member Bhim Acharya to a submit report on Nepal Oil Corporation and it reform for the smooth petroleum products supply.
The government, after cabinet’s approval, has forwarded the report to Ministry of Commerce and Supplies for its implementation at the earliest. Similarly, it has also formed a committee led by chief secretary Madhav Prasad Ghimire to regularly monitor progress.
June 1st,
Nepal Oil Corporation has projected that its losses would decrease significantly to Rs 1.33 billion every month from current Rs 1.82 billion based on a new price list it received today from its supplier Indian Oil Corporation.The state-oil monopoly will now incur a loss of Rs 2.10 in a litre of petrol and Rs 15.60 loss in a litre of diesel, according to the new price list. Similarly, it will incur Rs 8.70 loss on a litre of kerosene and Rs 385.44 loss on a cylinder cooking gas, according to new price list.
However, the state-oil monopoly is in profit in ATF business. It can make profit of Rs 21.38 on a litre of ATF (domestic) and Rs 21.45 on a litre of ATF (international), according to NOC that receives a new price list on the first and 15th day of english month from its sole supplier.
June 2nd,
June 28th,
“But Finance Ministry is yet to take decision,” he said, adding that NOC cannot supply petroleum products according to market demand, unless it can increase the import.
Subcommittee of Public Accounts Committee (PAC) under Legislature-Parliament today directed Nepal Oil Corporation to provide detailed list of free fuel distribution, financial and other assistance to various institutions and scrap subsidy on cooking gas and diesel to industries.
The committee’s decision came in the wake of massive charge against the state-oil monopoly that it is distributing free fuel to dozens of political leaders.
“The subcommittee decided to stop free fuel distribution after getting a lots of complaint that corporation has been distributing free petroleum products regularly to top leaders of political parties and former ministers,” subcomittee coordinator and Constituent Assembly member Dhanraj Gurung said, adding that it is not fair to distribute free fuel and make people pay.
The subcommittee today also directed the government to scrap provision of providing subsidy in cooking gas and diesel to industries. “If state can provide subsidy, it should provide subsidy to general consumers since cooking gas and diesel are directly related to daily life,” he said.
The subcommittee also decided to ask the state-oil monopoly to provide detail list of financial aid and support provided by the corporation to different sectors.
“The officials at the corporation are bleeding the NOC blue in the name of financial aid and support to various institutions,” Gurung said, adding the subcommittee has directed the corporation to provide detail of such assistance of last three years.
It urged the corporation to provide the supply chart of petroleum products of last three years. The subcommittee has also sought progress report on its initiatives made so far to execute recommendations of different reports submitted by different commissions formed to reform NOC in the past.
Public Accounts Committee on January 31 had formed a seven-member sub-committee under the Constituent Assembly member Dhanraj Gurung to study details of pricing mechanism, transportation process, storage capacity and security of petroleum products. It is likely to prepare its full report within 20 days, according to Gurung.
June 13th,
The committee’s decision came in the wake of massive charge against the state-oil monopoly that it is distributing free fuel to dozens of political leaders.
“The subcommittee decided to stop free fuel distribution after getting a lots of complaint that corporation has been distributing free petroleum products regularly to top leaders of political parties and former ministers,” subcomittee coordinator and Constituent Assembly member Dhanraj Gurung said, adding that it is not fair to distribute free fuel and make people pay.
The subcommittee today also directed the government to scrap provision of providing subsidy in cooking gas and diesel to industries. “If state can provide subsidy, it should provide subsidy to general consumers since cooking gas and diesel are directly related to daily life,” he said.
The subcommittee also decided to ask the state-oil monopoly to provide detail list of financial aid and support provided by the corporation to different sectors.
“The officials at the corporation are bleeding the NOC blue in the name of financial aid and support to various institutions,” Gurung said, adding the subcommittee has directed the corporation to provide detail of such assistance of last three years.
It urged the corporation to provide the supply chart of petroleum products of last three years. The subcommittee has also sought progress report on its initiatives made so far to execute recommendations of different reports submitted by different commissions formed to reform NOC in the past.
Public Accounts Committee on January 31 had formed a seven-member sub-committee under the Constituent Assembly member Dhanraj Gurung to study details of pricing mechanism, transportation process, storage capacity and security of petroleum products. It is likely to prepare its full report within 20 days, according to Gurung.
June 13th,
Nepal Oil Corporation (NOC) has increased the price of petrol by Rs 5 per litre effective Sunday. The price of petrol has reached Rs 102 per litre from Rs 97.
A meeting of the board of directors of NOC decided to hike the petrol price on Friday. However, the decision was made public only on Sunday.
NOC said, it was forced to increase the price of petrol as the price of crude oil is increasing in the international market. NOC claimed it was bearing a loss of Rs 0.5 billion per month while selling petrol at the old price.
The price of other petroleum products - kerosene, diesel, cooking gas and aviation fuel - has not been changed. In a bid to reduce its losses, the Nepal Oil Corporation (NOC) has yet again hiked the price of petrol on Sunday.
The state-owned oil monopoly hiked the price by Rs. 5 per litre--from Rs 97 to Rs 102.
However, no changes have been made in the price of Liquefied Petroleum Gas (LPG) or cooking gas, kerosene and Air Turbine Fuel (ATF).Earlier, the NOC board meeting on March 12 had decided to hike the price of petrol by Rs 9 per litre –from Rs 88 to Rs 97 per litre.
June 23rd,
Petroleum transporters, against whom charges of practicing syndication and cartel have been levelled, today went on a strike to protest Nepal Oil Corporation's recent decision to transfer 60 tankers to Raxaul-Kathmandu route from Barauni-Amlekhgunj route, raising fears of fuel crisis in the Valley again.
The Central Regional Tanker Transporters' Association obstructed the import of fuel from Raxaul today.
The immediate effects were conspicuous at Thankot depot,. "The transporters didn't let the tanker load the fuel today," said NOC Spokesperson Mukunda Dhungel. Tankers belonging to Nepal Police and the Nepali Army only could be loaded today. “Petroleum products could not be imported today due to the strike,” informed NOC's Thankot depot chief Bhuwaneshwar Rajbhandari, adding that supply will be hit if the agitators don't call off the strike.
NOC is holding a meeting with agitating transporters tomorrow, according to Dhungel. “NOC had called a meeting today but it could not take place as the agitators didn't show up,” said Dhungel, adding NOC was hopeful of a solution.
The corporation had recently decided to shift tankers from Barauni-Amlekhgunj route to Raxaul-Kathmandu route stating that a high level committee formed to recommend NOC reform had suggested to the corporation to import fuel from Raxaul as much possible. A meeting of the NOC board had asked Nepal Petroleum Transporters' Federation to fix the tankers so that they could be shifted from Barauni to Raxaul route and the federation had provided the list for the same.
In the morning, a clash had broken out between tanker drivers and tanker association officials at NOC's Amlekhgunj depot.
June 24th,
June 23rd,
Petroleum transporters, against whom charges of practicing syndication and cartel have been levelled, today went on a strike to protest Nepal Oil Corporation's recent decision to transfer 60 tankers to Raxaul-Kathmandu route from Barauni-Amlekhgunj route, raising fears of fuel crisis in the Valley again.
The Central Regional Tanker Transporters' Association obstructed the import of fuel from Raxaul today.
The immediate effects were conspicuous at Thankot depot,. "The transporters didn't let the tanker load the fuel today," said NOC Spokesperson Mukunda Dhungel. Tankers belonging to Nepal Police and the Nepali Army only could be loaded today. “Petroleum products could not be imported today due to the strike,” informed NOC's Thankot depot chief Bhuwaneshwar Rajbhandari, adding that supply will be hit if the agitators don't call off the strike.
NOC is holding a meeting with agitating transporters tomorrow, according to Dhungel. “NOC had called a meeting today but it could not take place as the agitators didn't show up,” said Dhungel, adding NOC was hopeful of a solution.
The corporation had recently decided to shift tankers from Barauni-Amlekhgunj route to Raxaul-Kathmandu route stating that a high level committee formed to recommend NOC reform had suggested to the corporation to import fuel from Raxaul as much possible. A meeting of the NOC board had asked Nepal Petroleum Transporters' Federation to fix the tankers so that they could be shifted from Barauni to Raxaul route and the federation had provided the list for the same.
In the morning, a clash had broken out between tanker drivers and tanker association officials at NOC's Amlekhgunj depot.
June 24th,
Protesting the Nepal Oil Corporation’s decision to let 60 new fuel tankers operate on the Raxaul-Kathmandu route, petroleum transporters affiliated to the Central Regional Petroleum Transporters’ Association (Hetauda) staged a sit-in at the Amalekhgunj-based fuel depot in Bara district the entire day, obstructing loading and unloading of petroleum products.
Tanker drivers and their handymen also took part in the day’s protest.
In Raxaul, members of the association clashed members of the Nepal Petroleum Transporters’ Federation and drivers and handymen of the fuel tankers, which had arrived in the Indian city to bring fuel.
Despite obstructions from the agitating transporters at around 1 pm, 47 fuel tankers transported 460 kilolitres of fuel to the Amlekhgunj-based depot from Raxaul.
“With the association members on strike, it’s impossible to transport fuel from the Amlekhgunj-based without mobilising security personnel,” said NOC regional manager Rabin Sharma.
CRPTEA (Hetauda) vice-chairman Dipak Siwakoti accused NOC officials of letting the 60 tankers, which had been operating on the Barauni-Amlekhgunj route, make a switch to the Kathmandu route in cahoots with office-bearers of NPTEF.
Siwakoti accused that officials of the state fuel monopoly and minister concerned let tankers operate on profitable routes by accepting lakhs in kickbacks.
He said the fuel monopoly, by giving the new tankers the permission to operate on the Kathmandu route, wants to bleed the owners of older tankers. The association has further warned that its strike will continue until the new tankers’ permission is scrapped.
Tanker drivers and their handymen also took part in the day’s protest.
In Raxaul, members of the association clashed members of the Nepal Petroleum Transporters’ Federation and drivers and handymen of the fuel tankers, which had arrived in the Indian city to bring fuel.
Despite obstructions from the agitating transporters at around 1 pm, 47 fuel tankers transported 460 kilolitres of fuel to the Amlekhgunj-based depot from Raxaul.
“With the association members on strike, it’s impossible to transport fuel from the Amlekhgunj-based without mobilising security personnel,” said NOC regional manager Rabin Sharma.
CRPTEA (Hetauda) vice-chairman Dipak Siwakoti accused NOC officials of letting the 60 tankers, which had been operating on the Barauni-Amlekhgunj route, make a switch to the Kathmandu route in cahoots with office-bearers of NPTEF.
Siwakoti accused that officials of the state fuel monopoly and minister concerned let tankers operate on profitable routes by accepting lakhs in kickbacks.
He said the fuel monopoly, by giving the new tankers the permission to operate on the Kathmandu route, wants to bleed the owners of older tankers. The association has further warned that its strike will continue until the new tankers’ permission is scrapped.
Its one after another transporter association that is creating fuel crisis in the Valley.
No sooner Central-Region Tanker Transporters’ Association ended its strike, Nepal Petroleum Transporters’ Federation announced strike from today that is going to create fuel shortage for some more days. The Valleyiets have been facing the fuel crisis since last week and “the decision of yet another association is going to hit the consumers’ life hard,” deputy managing director at Nepal Oil Corporation Bachchu Kumar Kafle said.
Import of petroleum products from Indian Oil Corporation (IOC) has been disrupted forcing the valley petroleum pumps to close down, he said, adding the state-oil monopoly could not load petroleum products from Raxaul depot of Indian Oil Corporation today due to strike of tankers’ association.
Earlier, protesting the decision of Nepal Oil Corporation of transferring sixty tankers on Raxaul-Kathmandu route from Barauni-Amlekhgunj route, the Central-Region Tanker Transporters’ Association had started its strike from June 22 which had been lasted for three days.
The association had called off its strike on June 25 following a deal with the Nepal Oil Corporation. According to the agreement, state-oil monopoly had agreed to revoke its decision to buy 60 new tankers for carrying petroleum products from Raxaul to Kathmandu.
However, the agreement could not solve the dispute among transporters as Nepal Petroleum Transporters’ Federation has today demanded resumption of all their 60 tankers on the Raxaul-Kathmandu route — the new route decided by the NOC.
“NOC did not let those 60 tankers to load oil from Raxaul depot today and the federation that has changed the route according to NOC’s earlier decision,” general secretary of the association Bishwa Aryal said, blaming the corporation.
It might take two to three more days to settle the problem as they will hold talks tomorrow, he added.
Nepal Oil Corporation officials said that the oil shortage in the Kathmandu valley will deepen due to today’s decision of the association. “Though the Indian Oil Corporation had responded positively on Tuesday to a request to resume supplies, scarcity in Kathmandu could lengthen for some more days, Kafle said.
Earlier, Nepal Oil Corporation had requested Indian Oil Corporation – its sole petroleum products supplier – to supply petroleum products on credit till the end of June. The NOC had reduced around 30 per cent of its import from Indian Oil Corporation since last couples of week as it could not pay the dues.
Meanwhile, Ministry of Commerce and Supplies has verbally requested the Finance Ministry to release Rs 1.5 billion loan for the NOC for the smooth supply of petroleum products at the earliest, according to spokesperson Ganesh Prasad Dhakal.
No sooner Central-Region Tanker Transporters’ Association ended its strike, Nepal Petroleum Transporters’ Federation announced strike from today that is going to create fuel shortage for some more days. The Valleyiets have been facing the fuel crisis since last week and “the decision of yet another association is going to hit the consumers’ life hard,” deputy managing director at Nepal Oil Corporation Bachchu Kumar Kafle said.
Import of petroleum products from Indian Oil Corporation (IOC) has been disrupted forcing the valley petroleum pumps to close down, he said, adding the state-oil monopoly could not load petroleum products from Raxaul depot of Indian Oil Corporation today due to strike of tankers’ association.
Earlier, protesting the decision of Nepal Oil Corporation of transferring sixty tankers on Raxaul-Kathmandu route from Barauni-Amlekhgunj route, the Central-Region Tanker Transporters’ Association had started its strike from June 22 which had been lasted for three days.
The association had called off its strike on June 25 following a deal with the Nepal Oil Corporation. According to the agreement, state-oil monopoly had agreed to revoke its decision to buy 60 new tankers for carrying petroleum products from Raxaul to Kathmandu.
However, the agreement could not solve the dispute among transporters as Nepal Petroleum Transporters’ Federation has today demanded resumption of all their 60 tankers on the Raxaul-Kathmandu route — the new route decided by the NOC.
“NOC did not let those 60 tankers to load oil from Raxaul depot today and the federation that has changed the route according to NOC’s earlier decision,” general secretary of the association Bishwa Aryal said, blaming the corporation.
It might take two to three more days to settle the problem as they will hold talks tomorrow, he added.
Nepal Oil Corporation officials said that the oil shortage in the Kathmandu valley will deepen due to today’s decision of the association. “Though the Indian Oil Corporation had responded positively on Tuesday to a request to resume supplies, scarcity in Kathmandu could lengthen for some more days, Kafle said.
Earlier, Nepal Oil Corporation had requested Indian Oil Corporation – its sole petroleum products supplier – to supply petroleum products on credit till the end of June. The NOC had reduced around 30 per cent of its import from Indian Oil Corporation since last couples of week as it could not pay the dues.
Meanwhile, Ministry of Commerce and Supplies has verbally requested the Finance Ministry to release Rs 1.5 billion loan for the NOC for the smooth supply of petroleum products at the earliest, according to spokesperson Ganesh Prasad Dhakal.
“But Finance Ministry is yet to take decision,” he said, adding that NOC cannot supply petroleum products according to market demand, unless it can increase the import.
June 28th,
Protesting the Nepal Oil Corporation’s decision to put on ice on its permission to some 60 tankers to operate on the Raxaul route, Nepal Petroleum Transportation Entrepreneurs Federation (NPTEF) obstructed all the loading and unloading of fuel at the Amlekhgunj-based regional depot today.
NOC, in keeping with the federation’s recommendation and report of a high-level commission, had made the decision to allow 60 tankers earlier ferrying fuel on Barauni route to operate on the Raxaul route.
But in the wake of the intense protest by the Central Regional Petroleum Transportation Association, Hetauda, the NOC had made another decision lately to freeze its permission.
Condemning the NOC ‘unilateral’ decision, the federation-affiliated entrepreneurs had picketed the depot from early morning.
“Since the NOC’s decision is unilateral, we won’t defer to it but continue our protest until the government body rolls back on its decision,” said the NPTEF-affiliated Barauni-Amlekhgunj Route Management Committee member Binod Manandhar, adding NOC took the decision under the pressure of the petroleum association.
Manandhar said the NOC’s decision to put on ice on its permission at a time when the tankers have already made necessary preparations for operating on the new route is not justifiable.
Tension ran high at the Amlekhgunj-based depot for some time when the agitating NPTEF-affiliated entrepreneurs stopped a tanker from carrying fuel from Raxaul enter the depot.
The regional manager of the Amlekhgunj-based depot Rabin Sharma expressed concern over the protest of the petroleum entrepreneurs, saying the matter could be settled through talks.
Meanwhile, a 31-member struggle committee led by federation’s senior vice-chairman Manoj Das obstructed the import of the petro-products from Indian city of Raxaul today.
The agitating entrepreneurs stopped a tanker heading to Raxaul for collecting fuel in Inarwa and made it return to Birgunj, but police intervened and nabbed three agitators Gyanadev Upreti, Shree Krishna Khanal and Baikuntha Shreebastav, who were released later.
NOC, in keeping with the federation’s recommendation and report of a high-level commission, had made the decision to allow 60 tankers earlier ferrying fuel on Barauni route to operate on the Raxaul route.
But in the wake of the intense protest by the Central Regional Petroleum Transportation Association, Hetauda, the NOC had made another decision lately to freeze its permission.
Condemning the NOC ‘unilateral’ decision, the federation-affiliated entrepreneurs had picketed the depot from early morning.
“Since the NOC’s decision is unilateral, we won’t defer to it but continue our protest until the government body rolls back on its decision,” said the NPTEF-affiliated Barauni-Amlekhgunj Route Management Committee member Binod Manandhar, adding NOC took the decision under the pressure of the petroleum association.
Manandhar said the NOC’s decision to put on ice on its permission at a time when the tankers have already made necessary preparations for operating on the new route is not justifiable.
Tension ran high at the Amlekhgunj-based depot for some time when the agitating NPTEF-affiliated entrepreneurs stopped a tanker from carrying fuel from Raxaul enter the depot.
The regional manager of the Amlekhgunj-based depot Rabin Sharma expressed concern over the protest of the petroleum entrepreneurs, saying the matter could be settled through talks.
Meanwhile, a 31-member struggle committee led by federation’s senior vice-chairman Manoj Das obstructed the import of the petro-products from Indian city of Raxaul today.
The agitating entrepreneurs stopped a tanker heading to Raxaul for collecting fuel in Inarwa and made it return to Birgunj, but police intervened and nabbed three agitators Gyanadev Upreti, Shree Krishna Khanal and Baikuntha Shreebastav, who were released later.
June 30th,
The supply of petroleum products has been eased following the withdrawal of the agitation by Nepal Petroleum Transportation Entrepreneurs Federation (NPTEF) on Thursday.
The petroleum entrepreneurs started supplying petrol after the Nepal Oil Corporation (NOC) withdrew its decision to shift tankers from Bairani-Amlekhgunj route to Raxaul-Kathmandu.
The NOC had earlier decided to change the route of tankers stating that a high level committee formed to recommend NOC reform had suggested to the corporation to import fuel from Raxaul as much possible.
Condemning the NOC ‘unilateral’ decision, the federation-affiliated entrepreneurs had started agitating and obstructed the import of fuel from Raxaul.
The closure of the depots had invited crisis of petroleum products in the capital city and some other cities.
The petroleum entrepreneurs started supplying petrol after the Nepal Oil Corporation (NOC) withdrew its decision to shift tankers from Bairani-Amlekhgunj route to Raxaul-Kathmandu.
The NOC had earlier decided to change the route of tankers stating that a high level committee formed to recommend NOC reform had suggested to the corporation to import fuel from Raxaul as much possible.
Condemning the NOC ‘unilateral’ decision, the federation-affiliated entrepreneurs had started agitating and obstructed the import of fuel from Raxaul.
The closure of the depots had invited crisis of petroleum products in the capital city and some other cities.
June 30th,
Nepal Petroleum Transport Entrepreneurs’ Federation today withdrew its strike following talks with Nepal Oil Corporation.
Nepal Oil Corporation and the federation both agreed to implement June 20 decision, according to which NOC relocate 60 tankers from Barauni – Amlekhgunj route to Raxaul – Kathmandu route, spokesperson Mukunda Prasad Dhungel said, adding that the corporation has agreed to let all the 60 tankers that have been shifted from Barauni – Amlekhgunj route – to load oil from Raxaul depot.
The loading of petroleum products from Raxaul depot has resumed from today, he informed, adding that fuel supply in Kathmandu valley will start to ease from tomorrow. The federation had announced strike from Tuesday creating fuel shortage in the valley. Earlier, protesting NOC decision of transferring 60 tankers to Raxaul-Kathmandu route from Barauni-Amlekhgunj route, the Central-Region Tanker Transporters’ Association had announced its strike from June 22, which had been lasted for three days.
The state-oil monopoly has changed its decision three times within two weeks. Earlier, it had decided to relocate 60 tankers to Raxaul – Kathmandu route on June 20. It had on June 25 again agreed to revoke its June 20 decision in talks with Central-Region Tanker Transporters’ Association. Today it once again agreed to implement its June 20 decision of relocating 60 tankers to Raxaul – Kathmandu route.
Its seems that Nepal Oil Corporation has flip-flopped between the pressure from two transport association – Nepal Petroleum Transporters’ Federation and Central-Region Tankers Transporters’ Association.
The corporation has asked Central-Region Tankers Transporters’ Association to send its opinion on the decision to shift 60 tankers from Barauni—Amlekhgunj route to Raxaul – Kathmandu route, Dhungel informed.
Nepal Oil Corporation and the federation both agreed to implement June 20 decision, according to which NOC relocate 60 tankers from Barauni – Amlekhgunj route to Raxaul – Kathmandu route, spokesperson Mukunda Prasad Dhungel said, adding that the corporation has agreed to let all the 60 tankers that have been shifted from Barauni – Amlekhgunj route – to load oil from Raxaul depot.
The loading of petroleum products from Raxaul depot has resumed from today, he informed, adding that fuel supply in Kathmandu valley will start to ease from tomorrow. The federation had announced strike from Tuesday creating fuel shortage in the valley. Earlier, protesting NOC decision of transferring 60 tankers to Raxaul-Kathmandu route from Barauni-Amlekhgunj route, the Central-Region Tanker Transporters’ Association had announced its strike from June 22, which had been lasted for three days.
The state-oil monopoly has changed its decision three times within two weeks. Earlier, it had decided to relocate 60 tankers to Raxaul – Kathmandu route on June 20. It had on June 25 again agreed to revoke its June 20 decision in talks with Central-Region Tanker Transporters’ Association. Today it once again agreed to implement its June 20 decision of relocating 60 tankers to Raxaul – Kathmandu route.
Its seems that Nepal Oil Corporation has flip-flopped between the pressure from two transport association – Nepal Petroleum Transporters’ Federation and Central-Region Tankers Transporters’ Association.
The corporation has asked Central-Region Tankers Transporters’ Association to send its opinion on the decision to shift 60 tankers from Barauni—Amlekhgunj route to Raxaul – Kathmandu route, Dhungel informed.
July 2nd,
The state-oil monopoly has projected that it will have Rs 1.4 billion loss every month, according to a new price list sent by its sole supplier IOC on Friday. Earlier, its monthly loss stood at Rs 1.39, according to IOC’s June 16 price list. According to the new list, NOC will incur Rs 13.56 and Rs 5.92 loss on a litre diesel and kerosene, and Rs 343.53 loss on a cylinder of cooking gas. However, it still has profit Rs 4.49 on a litre of petrol and Rs 20.80 on ATF.
Mahindra offer
KATHMANDU: Agni Incorporated — the sole distributor of Mahindra & Mahindra Multi Utility Vehicles and Tractors in Nepal introduced a ‘Mahindra Monsoon Offer’ for its customers offering 10 per cent
discount on purchase of any genuine parts and lubricants for Mahindra Multi Utility Vehicles and Tractors during the monsoon period. It has also recently established a genuine spare parts outlet at Kuleshwor in Kathmandu from where customers can purchase genuine parts and lubricants.
Australian aid
KATHMANDU: Australian ambassador to Nepal Susan Grace on Tuesday handed over medical equipment including retinoscopes, opthalmoscopes and glucometers to the Tilganga Institute of Opthalmology to be used at its mobile eye camps in different parts of the country. In addition to the donation of medical equipment Rs 250,000, the embassy’s Direct Aid Programme had provided a fund of Rs 1,789,000 to the TIO to conduct eye camps and cataract surgeries in the Fiscal year 2010-11.
Mahindra offer
KATHMANDU: Agni Incorporated — the sole distributor of Mahindra & Mahindra Multi Utility Vehicles and Tractors in Nepal introduced a ‘Mahindra Monsoon Offer’ for its customers offering 10 per cent
discount on purchase of any genuine parts and lubricants for Mahindra Multi Utility Vehicles and Tractors during the monsoon period. It has also recently established a genuine spare parts outlet at Kuleshwor in Kathmandu from where customers can purchase genuine parts and lubricants.
Australian aid
KATHMANDU: Australian ambassador to Nepal Susan Grace on Tuesday handed over medical equipment including retinoscopes, opthalmoscopes and glucometers to the Tilganga Institute of Opthalmology to be used at its mobile eye camps in different parts of the country. In addition to the donation of medical equipment Rs 250,000, the embassy’s Direct Aid Programme had provided a fund of Rs 1,789,000 to the TIO to conduct eye camps and cataract surgeries in the Fiscal year 2010-11.
July 3rd,
Digital Dispenser (a number that shows amount and quantity while refilling oil) has to be installed at petrol pumps across the country to manage petrol pumps and assure the customers that they are not cheated.
The Nepal Oil Corporation (NOC) has ordered to keep the digital dispensers while operating new petrol pumps but the east zonal depot of the NOC said it is compulsory to install the digital dispenser in the pumps that were started in the past.
The NOC is going to implement the suggestion provided by the high-level commission of the Ministry of Commerce and Supplies, which was formed to control and smuggling of the petroleum products.
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