The Nepal Oil Corporation has been in the eye of the storm for many a reason, a report submitted by a committee today said it’s the petroleum dealers that have been ‘cheating’ the consumers.
The dealers are fleecing about Rs 5.4 billion every year from the consumers,” said the report that was submitted to Prime Minister Jhala Nath Khanal today. “Consumers are getting five per cent less petroleum products even when they are paying full price,” said coordinator of the committee Bhim Acharya, adding, “Even the petroleum dealer representatives have admitted to this fact.
Nepal is currently spending 20 per cent of its total budget to buy petroleum products. The committee has suggested to the government to seek alternatives if it could buy petroleum products from other than IOC. “The government should explore possibilities if it can import from the nearest point in China besides the option of purchasing crude oil and refining it in India
It has also advised the government to chalk out plans to bring the private sector into petroleum business to make the state oil monopoly more competitive and responsible. However, it has ruled out possibilities of establishing mini-refineries in the country. The committee formed on March 23 had visited
The Cabinet today decided to lend Rs 2 billion to NOC through Employees’ Provident Fund under the government guarantee.
The dealers are fleecing about Rs 5.4 billion every year from the consumers,” said the report that was submitted to Prime Minister Jhala Nath Khanal today. “Consumers are getting five per cent less petroleum products even when they are paying full price,” said coordinator of the committee Bhim Acharya, adding, “Even the petroleum dealer representatives have admitted to this fact.
Nepal is currently spending 20 per cent of its total budget to buy petroleum products. The committee has suggested to the government to seek alternatives if it could buy petroleum products from other than IOC. “The government should explore possibilities if it can import from the nearest point in China besides the option of purchasing crude oil and refining it in India
It has also advised the government to chalk out plans to bring the private sector into petroleum business to make the state oil monopoly more competitive and responsible. However, it has ruled out possibilities of establishing mini-refineries in the country. The committee formed on March 23 had visited
The Cabinet today decided to lend Rs 2 billion to NOC through Employees’ Provident Fund under the government guarantee.
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