Indian Oil Corporation
Search results
Nepal Oil Corporation Limited (NOC) (Nepali: नेपाल आयल निगम लिमिटेड) is a monopoly state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. In Nepal, no private or other companies are allowed to import Petrol and Diesel other than NOC.
Learn about NOC, a government-owned enterprise that imports, stores and distributes petroleum products in Nepal. See its website, industry, location, employees and followers on LinkedIn.
Jul 9, 2022 · The state-owned oil monopoly has been unable to pay its Indian supplier for the last two weeks due to the government's failure to compensate for the price cuts. The NOC expects to incur losses of Rs50-55 billion by the end of the fiscal year amid high oil prices and global recession fears.
Mar 15, 2024 · The state-owned oil monopoly reduced the prices of petrol and diesel by Rs1 and Rs2 respectively effective from midnight on March 15, 2024. The new tariff varies across different regions of Nepal based on the automatic fuel price mechanism.
People also ask
Who is Nepal Oil Corporation Limited?
What is Nepal Oil Corporation Limited (NOC)?
Does Nepal Oil Corporation have a policy on Petroleum Transactions?
Will a new petroleum law deregulate Nepal's lucrative oil market?
Feb 2, 2021 · The Nepal Oil Corporation is the sole importer and distributor of petroleum products in Nepal, making huge profits and paying high taxes. The government wants to enact a new law to deregulate the oil market, but faces opposition from the private sector and the corporation.
Jul 18, 2022 · Updated at : July 18, 2022 11:42. Kathmandu. Nepal Oil Corporation is set to pay around Rs17 billion to Indian Oil Corporation to reduce the outstanding dues of over Rs30 billion, according to a senior official at the state-owned oil monopoly.
Dec 15, 2023 · Updated at : December 15, 2023 20:57. The Nepal Oil Corporation has reduced prices of petrol, diesel and kerosene by Rs3 per litre effective from Friday midnight. Consumers will now have to pay Rs167 per litre for petrol in Kathmandu, Pokhara and Dipayal.
