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Govt to provide NOC with 4 billion 250 million for fuel purchase
Nepalese Times
Kathmndu : The government has decided to provide funds for the purchase of petroleum products to the Nepal Oil Corporation, which is in a trouble after accumulated savings fell to zero. Today’s meeting of the Price Stabilization Fund has decided to provide the remaining Rs. 4.25 billion the corporation has to pay under the first installment to Indian Oil Corporation. Even after the price adjustment of petroleum products last Thursday, the NOC has stated that there is a loss of around Rs 2.5 billion in 15 days. The purchase price