NOC saves Rs 1.5bn

KATHMANDU: Nepal Oil Corporation (NOC) has saved Rs 1.5 billion by importing fuel through Motihari-Amlekhgunj Petroleum Pipeline, which was brought into operation last year.

As per the annual financial report of the last fiscal made public by the corporation, Rs. 1.47 billion was saved in transport cost in the 10 months from August 2019 to July 2020.

According to the report, Rs 147 million was saved per month by transporting fuel through the pipeline. MAPP is the first cross-border petroleum pipeline of South Asia that is 69 km long and runs from Motihari of India to Amlekhgunj of Nepal.

Meanwhile, at 3:10pm on Thursday, the Indian Oil Corporation crossed the milestone of supplying 100 million litres of diesel in a single month for the first time via the pipeline.