Tag: petroleum products
Nepal Oil Corporation Announces Price Reduction
Nepal Oil Corporation (NOC) has reduced the price of petroleum products.
The price of petrol has been decreased by Re 1 per liter and the price of...
Government Introduces Green Hydrogen Policy to Cut Ties with Petroleum
KATHMANDU, Jan 26: The government has introduced the Green Hydrogen Policy, 2080 BS with an aim to promote the green hydrogen sector. The policy...
Nepal’s Journey to Exporting Energy
Hydropower is a cheap and sustainable source of energy with negligible environmental impacts. Despite having huge potential in hydropower, Nepal has been unable to...
Nepal’s Trade Deficit Hits Record High in Q1
KATHMANDU, Oct 30: Nepal’s trade deficit stood at Rs 366.88 billion, an increase by 2.15 percent, in the first quarter of the current fiscal...
Unleashing the Market: How Deregulation in the Petroleum Industry Benefits Consumers
The petroleum sector in Nepal has long operated under the government’s monopoly. Nepal Oil Corporation exercises absolute control over the import and distribution of...
Electricity Use Drives Down Nepal’s Petroleum Import
Nepal's import of petroleum products declined by over 4 billion rupees in the month of Shrawan. According to the Department of Customs, there has...
Import of Petroleum products increased
Birgunj, Feb. 14: The import of petroleum products via the Birgunj transit, the country’s major transit point, has significantly increased this year compared to...
Govt raises infrastructure tax on petrol, diesel by Rs 5 per...
February 28, 2020
The government has decided to raise infrastructure development tax being levied on petroleum products by Rs 5 per liter.
Speaking at a press...
Rs 37 billion collected so far to build Budhi Gandaki Hydroelectric...
November 5, 2019
The government has mobilized Rs 37.17 billion in infrastructure development tax from import of petroleum products till the end of October.
As per...
