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 BJP claims Rahul Gandhi visited Vietnam amid voter roll row Iran says US must end pressure before talks resume Rubio says US must maintain strategic ties with Pakistan Iran rejects Uranium transfer until US meets demands Nepal beat Oman by 10 runs in League-2 clash China targets 10% annual growth in Advertising industry Top Headlines Nepal “a Buffer State”: Rethinking foreign policy in relative terms1 Monsoon is predictable and Nepal’s disaster response should be too2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 PM Shah pledges Krishnabhir highway reopening within month5 Before the Ballots: How Oli Lost the Political Narrative6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING What role has the Nepal Army been playing in controlling the coronavirus? Impact of Social Media on Nepalese Society UPAYA CITY CARGO LAUNCHES Version 3.0 Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Why Are Boys Unexpressive? Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus
