Just when the supply of petrol had nearly normalised in the Kathmandu
Valley, a dispute between Nepal Oil Corporation and fuel station owners
has created a fertile ground for black-marketeers. Capitalising on the
stand-off, black-marketeers have circulated a rumour that Indian Oil
Corporation has cut supply of fuel to Nepal after the country signed
Transit Transport Agreement with China.
Nepal Oil Corporation (NOC) was established in January 1970 by the
Government of Nepal as a state-owned trading company to deal with the
import, transportation, storage and distribution of various petroleum
products in the country. NOC, headquartered in Kathmandu, has Five
Regional Offices and also Branch Offices, Fuel Depots and Aviation Fuel
Depots with total storage capacity of 71,622 Kilolitres (KL) and around
600 employees.
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