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 government reaches deal with Hindu protesters India, China resume Lipulekh trade despite Nepal protest Nirmal Purja, world-renowned British-Nepali mountaineer killed in Pakistan avalanche Nimsdai transformed global mountaineering beyond records and summits Govt and Hindu organizations sign 13-point agreement Nepal partially eases curfew in Siraha’s Golbazar area Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 ‘Promotion of Ayurveda, Yoga and meditation along with modern medicine positive’8 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? Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Why Are Boys Unexpressive? Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus This time’s Teej, social distancing please! Namrata is Miss Nepal 2020 Nepal Army opens investigation into case of captains thrashing soldier in Congo
