Petrol Shortage To Continue

Short supply of petroleum products will continue for a few more days.

According to a source at the Nepal Oil Corporation (NOC), short supply will be seen for further few days although the government has allocated Rs. 1.5 billion loan from the Employees´ Provident Fund to continue supply.

According to the Chairman of Petroleum Dealers Association, Saroj Pandey, the government should search long term solution as the amount provided by the Employees´ Provident Fund will only solve the problem of petroleum products for few weeks.

Spokesperson of the NOC, Mukunda Dhungel said that impact of the petroleum products have been directly seen in the country after the Indian Oil Corporation (IOC) refuses to supply oil until the NOC provides dues to the IOC.

Currently, the NOC has loss of Rs. 1.28 billion per month. According to the NOC, there is loss of Rs. 342 in each cylinder of cooking gas, Rs. 18 in each liter of diesel and Rs. 12 in each liter of kerosene oil.

There are 2,200 petrol pumps across the country. The Kathmandu Valley has 124 of them.

Source: Republica

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