Nepal | July 05, 2020

NOC doubles supply of petrol to fuel stations

Himalayan News Service
Share Now:
Private vehicles and cabs waiting for their turn to refill petrol at the Bhadrakali-based Ripumardini Petrol Pump, operated by the Nepal Army, as the nation reels under deepening fuel crisis, in Kathmandu on Friday, October 09, 2015. Photo: THT

Private vehicles and cabs waiting for their turn to refill petrol at the Bhadrakali-based Ripumardini Petrol Pump, operated by the Nepal Army, as the nation reels under deepening fuel crisis, in Kathmandu on Friday, October 09, 2015. Photo: THT

Kathmandu, February 14

Nepal Oil Corporation the state-owned petroleum company has started supplying almost double the quantity of petrol against the daily demand from today, considering the long queues of vehicles in front of fuel stations in the Kathmandu Valley.

NOC has said that it will continue to supply 600,000 litres of petrol every day till the situation returns to normalcy. Petrol consumption in the Valley hovers around 350,000 litres per day.

NOC Spokesperson Mukunda Ghimire claimed today that there would not be any long queue of vehicles in front of fuel stations by the end of this week.

All 114 fuel stations of the Valley and neighbouring districts have been distributing fuel supplied by NOC since Friday.

However, fuel rationing will continue this week also. Two-wheelers will be able to get up to five litres and four-wheelers will get up to 15 litres at one time during refilling.

NOC, however, said it would take about a month to smoothen the supply of cooking gas.

Half-cylinder refilling system will continue till the supply of cooking gas from India normalises.

During normal times, refineries of India Oil Corporation Barauni, Haldia and Mathura used to supply 60 bullets (of 18 tonnes capacity) cooking gas a day.

But currently only 40 bullets of cooking gas are being supplied to Nepal every day.


Loan burden lessened

KATHMANDU: Nepal Oil Corporation has lessened its loan burden by Rs 11.24 billion this fiscal.

According to NOC Spokesperson Mukunda Ghimire, the government entity has cleared loans of all financial institutions.

“Now NOC owes Rs 12.64 billion to the government,” said Ghimire. NOC, in this fiscal, cleared loans of Employment Provident Fund worth Rs 6 billion, Citizen Investment Trust (Rs 3 billion), Everest Bank (Rs 1.14 billion), Nabil Bank (Rs 800 million) and Bank of Kathmandu (Rs 300 million).

The government charges three per cent interest on loan extended to NOC.

A version of this article appears in print on February 15, 2016 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Prime Minister Oli visits Prez Bhandari; motive of meet undisclosed

KATHMANDU: Prime Minister and Nepal Communist Party (NCP) co-chair KP Sharma Oli paid a visit to President Bidya Devi Bhandari at her official residence in Sheetal Niwas amid the ongoing political strain in the country, on Saturday. The meeting between the Prime Minister and the President lasted Read More...

Greenwood shines as five-star Man United crush Bournemouth

MANCHESTER: Manchester United's three-pronged attack combined to devastating effect as they crushed Bournemouth 5-2 in the Premier League on Saturday to move into the top four and stretch their unbeaten run to 16 games in all competitions. Mason Greenwood shone with two superb goals whil Read More...

Six killed, one missing in Bajhang landslide

Bajura, July 4 Six persons died in a landslide in Mallesi of Kedarsyun Rural Municipality, Bajhang, last night. One person is missing. A police team from Bisauna of Durgathali Rural Municipality and locals retrieved the bodies from the landslide debris today. According to Kedarsyun Rural Mu Read More...

NCP standoff continues

Kathmandu, July 4 The ruling Nepal Communist Party (NCP) postponed its Standing Committee meeting till Monday in an attempt to reconcile differences among party co-chairs Prime Minister KP Sharma Oli and Pushpa Kamal Dahal and senior leader Madhav Kumar Nepal. The rival faction of the NCP has Read More...

Bayern thrash Leverkusen 4-2 to win 20th German Cup title

BERLIN: Bundesliga champions Bayern Munich kept their hopes of a treble alive after a dominant 4-2 win over Bayer Leverkusen to lift the German Cup for a record-extending 20th time at the Olympiastadion on Saturday. Bayern sealed their 13th domestic double as Hansi Flick, who took ove Read More...

Fertiliser crunch hits farmers in Siraha district

SIRAHA, JULY 4 Farmers, who have started paddy plantation, are facing shortage of chemical fertiliser in Siraha. Agriculture cooperatives are supposed to sell fertiliser supplied by the Agriculture Materials Company Limited and Salt Trading Corporations. But, farmers are facing paucity of fert Read More...

Govt turns deaf ears to demands of youths staging hunger strike

KATHMANDU, JULY 4 Two youths of ‘Enough Is Enough’ movement have been staging a fast-unto-death hunger strike for the past nine days, but the government has turned a deaf ears to their demands. Iih, 26, of Kathmandu and Pukar Bam, 30, of Kailali, who began their hunger strike from a Sattal Read More...

Commission for the Investigation of Abuse of Authority (CIAA) building

Engineer booked for accumulating illegal assets

KATHMANDU, JULY 4 The Commission for the Investigation of Abuse of Authority yesterday filed a charge-sheet at the Special Court against Bharat Raj Acharya, an engineer at the Department of Roads. He has been charged with accumulating disproportionate assets worth around Rs 32.2 million. Ac Read More...