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 Nepal urges preparedness as super El Niño looms Nepal’s RSP expands secretariat, names key officials Nepal finance minister rules out demonetisation plan Nepal PM Balendra Shah heads to Pokhara, Mustang Imran Khan returned to jail after hospital check-up US national debt surpasses $40 trillion, more than doubling in… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 When the State Pulls the Trigger, Who Answers ?2 Before the Ballots: How Oli Lost the Political Narrative3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Nepal “a Buffer State”: Rethinking foreign policy in relative terms6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? The Role of the Nepalese Army in Strategic Road Projects A phone call that paved the way for RAW Chief’s visit to Nepal What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society UPAYA CITY CARGO LAUNCHES Version 3.0
