गृहपृष्ठ ∕ Business ∕ NOC saves Rs 1.50 billion with operation of pipeline Business NOC saves Rs 1.50 billion with operation of pipeline KathmanduPati December 31, 2020 KATHMANDU – Nepal Oil Corporation (NOC) has saved around Rs 1.50 billion with the operation of petroleum pipeline from Motihari-Amalekhgunj since last year. According to the annual economic report of fiscal year 2076/77 released by NOC, Rs 1.47 billion was saved in the supply of petroleum products in 10 months from Bhadra 2076 to Asadh 2077 BS. The NOC has been saving Rs 147 million monthly after the supply of petroleum products through pipeline. The Motihari-Amalekhgunj pipeline was brought into operation since September 10, 2019. Executive Director at NOC, Surendra Poudel, said the NOC started saving large amount of money after the supply of diesel through pipeline. The profit increased also because of the decrease in price of petroleum products in the international markets in recent years. Similarly, the automated pricing system implemented by NOC has contributed to the profit. The NOC, which had been running at loss for a long time, is now in profit for some years. Write your comments RELATED NEWS South Korea pledges continued flood recovery support Central Bank introduces re-designed 50-rupee bank note Army continues search, rescue after Bhotekoshi flood Government expands domestic jobs to reduce migration NCC bill proposes voluntary Military Service Training WHO Regional Director seeks support for top post Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING Who will become new Foreign Secretary after Bairagi’s appointment as Chief Secretary? ANM and Lab Assistant trainings to no longer be provided in Nepal, task force created for solution Prachanda flies to India for treatment of his ailing wife Cyber bureau launches ‘hackers hunt operation’ President Bhandari inaugurates restored Rani Pokhari five years after earthquake After four months of standoff, Oli holds phone conversation with Modi three Top leaders reach Prachanda’s residence to demand secretariat meeting Siwakoti appointed as Nepal’s Trade Advisor by Canadian Trade Commission Services
