�NOC�s legacy is directly related to effective fuel supply and quality services� Nepal Oil Corporation — the state-owned fuel supplier — has become a subject of criticism for multiple times in recent years. Including the recent charge of misappropriating funds in land acquisition process meant for the development of... 06 Nov, 2017
Petroleum prices not adjusted since July 2 Kathmandu, October 25 Nepal Oil Corporation (NOC) has not adjusted the price of petroleum products since almost four months though the enterprise has been booking a profit of more than Rs 160 million per month. As per the mandate of the automatic... 26 Oct, 2017
Domestic airline operators to marginally cut fares from today Kathmandu, July 4 Domestic airlines are set to marginally reduce the airfare to different destinations following the decision of the Airlines Operators Association of Nepal (AOAN) to cut fuel surcharge effective from Wednesday. The AOAN meeting... 05 Jul, 2017
MoS amending auto pricing directive Kathmandu, June 26 The Ministry of Supplies (MoS) is all set to amend the directive related to auto pricing mechanism in a bid to ensure that fuel price is revised in the domestic market in accordance with the global change in petroleum... 27 Jun, 2017
�Invest bonus amount to enhance petro infrastructure� Kathmandu, June 14 A parliamentary sub-committee today again directed the management of Nepal Oil Corporation (NOC) not to distribute the planned bonuses to its employees and suggested the management to utilise the allocated amount to develop... 15 Jun, 2017
NOC reluctant to revise fuel price despite Rs 300m monthly profit Kathmandu, June 5 Though Nepal Oil Corporation (NOC)’s monthly profit has now ballooned to more than Rs 300 million following decline in the global oil price, the state-owned fuel monopolist is reluctant to slash the price of petroleum products in... 06 Jun, 2017
NOC, IOC gearing up to develop JV company Kathmandu, March 30 Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) have agreed to form a joint venture company for the development of fuel infrastructure in Nepal. Accepting the request to this effect made by Minister for... 31 Mar, 2017
Supplies ministry seeks Rs 62bn to boost fuel storage capacity Kathmandu, January 24 The Ministry of Supplies (MoS) has sought Rs 62 billion from the government to expand petroleum storage capacity in the country to meet the market demand for three months. In a meeting held at the Office of Prime... 25 Jan, 2017
NOC estimates Rs 117 bn needed to boost fuel storage capacity for three months Kathmandu, January 10 Nepal Oil Corporation (NOC) has said that it requires a fund of Rs 117 billion to increase the petroleum storage capacity in the country to cater to the demand of at least three months as planned by the government. NOC... 11 Jan, 2017
NOC to ask IOC to extend LPG pipeline up to Nepal border Kathmandu, January 9 Nepal Oil Corporation (NOC) is set to request Indian Oil Corporation (IOC) to extend liquefied petroleum gas (LPG) pipeline up to Nepal’s border at Amlekhgunj. A high-level team of NOC is visiting India in the third week of... 10 Jan, 2017
Flying in domestic carriers gets cheaper from today Kathmandu, December 6 The airfare to different domestic destinations will come down from Wednesday as domestic airlines have lowered fuel surcharge following a drop in oil price. Airline Operators Association of Nepal (AOAN) — the umbrella body... 07 Dec, 2016
Domestic airfare likely to drop Kathmandu, December 5 Airline operators are gearing up to lower the fare of domestic carriers as Nepal Oil Corporation (NOC) has reduced the price of Aviation Turbine Fuel (ATF), effective midnight. NOC, the state-owned fuel supplier, has decided... 06 Dec, 2016
