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Govt to form committee to study on NOC operation model

  

THT Online / File Photo

Minister for Finance Shankar Prasad Koirala

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KATHMANDU: The government is planning to form a committee to study on in which model Nepal Oil Corporation (NOC) could be operated.

Minister for Finance Shankar Prasad Koirala revealed it while addressing the fifth general assembly of the petroleum transportation entrepreneurs' federation in the capital city on Saturday.

As the NOC's trade loss never ceased, the government was studying on various models to suit its operation, Minister Koirala said, adding that the stakeholders, including the federation, had tremendous pressure on the government to opt for it.

Moreover, he said all bodies concerned would be called for consultation immediately. In June/July alone, the NOC bore the loss of Rs 1.6 billion.

On the occasion, petroleum transportation entrepreneur Chop Narayan Shrestha suggested the government to run the NOC on public-private partnership model.

NOC Officiating Executive Director Suresh Kumar Agrawal said the NOC was in forced loss because the price of petroleum product was related to politics.

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