गृहपृष्ठ ∕ Nepal ∕ NOC pays over Rs 13 billion to IOC with government’s assistance Nepal NOC pays over Rs 13 billion to IOC with government’s assistance KathmanduPati January 24, 2022 File Photo KATHMANDU – Nepal Oil Corporation (NOC), the state-owned trading enterprise of the country, has paid Rs 13.2 billion to the Indian Oil Corporation (IOC) for the purchase of crude oil. The NOC, which has reportedly suffered losses, asked for Rs 1.8 billion from the government and paid the IOC in the second installment, said the NOC’s spokesperson Binit Mani Upadhyay. NOC took the amounts from the price stabilization fund of the government. It sent the second installment to the IOC today. The price stabilization fund board of directors meeting on Friday decided to provide Rs 1.8 million to the NOC. The Corporation has been reportedly incurring losses as prices of petroleum products have increased in the international market. It would further endure losses if prices of petroleum products are not adjusted following the increment in the purchase price, said experts. Meanwhile, the NOC is worried about how to pay the third installment to the IOC for want of money, it has been learnt. Write your comments RELATED NEWS PM Balen asserts Nepal has evidence on Kalapani, Lipulekh border… India, China and Asian nations extend greetings to RSP on… Nepal PM Balen to become RSP senior leader without election PM Shah arrives in Chitwan RSP to hold first convention as statute changes take focus Bangladeshi Ambassador pays courtesy call on Speaker Aryal Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Jagdamba Group Chairman Shankar Agrawal Arrested4 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane5 Two Offices Under Ministry of Communication to Be Abolished6 Court Orders Release of UML Rekha Sharma7 Nepali Congress provides financial assistance for Samba’s treatment8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? 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 Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Why Are Boys Unexpressive?
