Govt to provide Rs 800 million to NOC
The government has decided to provide Rs 800 million
to state-owned Nepal Oil Corporation (NOC) to ease the
supply of petroleum products.
The cabinet has decided to provide the fuel to the
financially bleeding NOC after the latter requested
for Rs 2.07 billion subsidy.
As the price of petroleum products has continued to
soar in the international market, the NOC has been
demanding that either the government provide it with
subsidy or the government allow it to raise the fuel
price.
Otherwise, the NOC has warned, the supply situation
would not be smooth.
Meanwhile, the NOC has increased the price of aviation
fuel by 12 percent. In the domestic aviation side, the
price of the aviation fuel has been increased from Rs
80 to Rs 90 per liter. In the international side, the
price has been increased from $ 1180 per one kiloliter
to $ 1330 per kiloliter. nepalnews.com sd May 14 08
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