Fuel shortage is artificial: NOC
KATHMANDU, April 17:
Nepal Oil Corporation (NOC) on Sunday made it clear that despite a drop in import it is supplying the petroleum products regularly and the recent shortage is an artificial one.
Speaking at an interaction with the press, NOC Chairman Digambar Jha claimed that the shortage is the upshot of the recent media reports that India is going to stop the petroleum products to NOC.
He, however, admitted that NOC is witnessing difficulties in importing the products to meet the demand here as it is selling them in cheaper price than the price cost.
He suggested that the price readjustment is the only way to save the state-owned oil monopoly to let it continue its business.
Source: THT
Nepal Oil Corporation (NOC) on Sunday made it clear that despite a drop in import it is supplying the petroleum products regularly and the recent shortage is an artificial one.
Speaking at an interaction with the press, NOC Chairman Digambar Jha claimed that the shortage is the upshot of the recent media reports that India is going to stop the petroleum products to NOC.
He, however, admitted that NOC is witnessing difficulties in importing the products to meet the demand here as it is selling them in cheaper price than the price cost.
He suggested that the price readjustment is the only way to save the state-owned oil monopoly to let it continue its business.
Source: THT
