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NEPAL NEWS: Valley sees shortage of petroleum products

Serpentine queues were seen today at many petrol pumps in the Valley, as motorists and two-wheeler drivers throng-ed the stations to fill their tanks following shortage of petroleum products.

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NEPAL NEWS: NOC adamant on price hike decision

The Nepal Oil Corporation (NOC) would not revoke the March 14 decision to hike the prices of petroleum products for it was the only alternative left to overcome the incurring loss the oil monopoly is facing at present, its spokesperson said on Saturday.

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NEPAL NEWS: Petro traders warn of halting fuel supply

Three associations of petroleum traders have threatened to halt fuel supply from April 7 if the government does not scrap the Petroleum and Gas Transaction (Regulatory) Orders 2013.

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NEPAL NEWS: Petroleum Shortage to Continue

"The decrease in the import of petroleum products will also reduce Nepal Oil Corporation's (NOC) losses, which is one of the key reasons the state oil monopoly is reluctant in increasing imports that has created fuel shortage in recent days," according to a source at NOC.

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NEPAL NEWS: Petroleum dealers threaten to shut pumps

The Nepal Petroleum Dealers' Association has threatened to shut petrol pumps from tomorrow if the government did not hike their commission. Petroleum dealers will not buy petroleum products - petrol, diesel, kerosene or air fuel - from Nepal Oil Corporation beginning tomorrow, said general secretary of the association Bishwa Prasad Aryal.

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