Fuel supply likely to ease from Monday
KATHMANDU, May 15:
Petroleum products’ supply is likely to resume from Monday, according to Nepal Oil Corporation (NOC). The corporation received Rs 2 billion loan from Employees’ Provident Fund on Thursday, NOC’s deputy managing director Bachchu Kumar Kafle said, adding that the corporation has cleared dues of its sole supplier Indian Oil Corporation (IOC) on Friday. On Friday, NOC sent Rs 1.25 billion to IOC, he said.
The situation has changed now, Kafle said, adding that NOC can resume import since it has received loan from the government. The import and supply of petroleum products have been disrupted due to public holidays and nationwide strike, Kafle said.
“The situation will improve because the corporation will resume imports as projected,” he said.
However, consumers are not sure whether state-oil monopoly will be able to supply the fuel as per demand.
“Normal supply of petroleum products has been mere a rhetoric since last week,” a consumer rights activist said.
Source: THT
Petroleum products’ supply is likely to resume from Monday, according to Nepal Oil Corporation (NOC). The corporation received Rs 2 billion loan from Employees’ Provident Fund on Thursday, NOC’s deputy managing director Bachchu Kumar Kafle said, adding that the corporation has cleared dues of its sole supplier Indian Oil Corporation (IOC) on Friday. On Friday, NOC sent Rs 1.25 billion to IOC, he said.
The situation has changed now, Kafle said, adding that NOC can resume import since it has received loan from the government. The import and supply of petroleum products have been disrupted due to public holidays and nationwide strike, Kafle said.
“The situation will improve because the corporation will resume imports as projected,” he said.
However, consumers are not sure whether state-oil monopoly will be able to supply the fuel as per demand.
“Normal supply of petroleum products has been mere a rhetoric since last week,” a consumer rights activist said.
Source: THT
