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Power Supply

  • NEA: 351 MW
  • Private Sector: 165 MW
  • India: 484 MW
  • Loadshedding: 260 MW
  • Demand : 1260 MW
  • Soure : NEA

Petroleum

LNG Carrying Ship Hits in Bangladesh

The long waited Liquefied Natural Gas (LNG) has arrived in Bangladesh. A ship named “Excellence” carrying the first shipment of LNG has reached Maheshkhali of Cox’sbazaar. The ship has carried 1 lac and 36 thousand cubic meters of LNG from Qatar. The specialized gigantic ship is now anchored at a…


Crude import bill may rise 20% in FY19 on soaring global prices in India

India’s crude oil import bill may increase 20% to $105 billion in this financial year from $88 billion in 2017-18, the petroleum and natural gas ministry has estimated, assuming average crude oil price of $65 per barrel for the year, about $9 a barrel less than the current rate. Crude oil prices have been…


Fuel import bill surges by 40 percent

Nepal's fuel imports surged by a massive 39.2 percent in first eight months of the current fiscal year compared to same period of Fiscal Year 2016/17, according to Department of Customs (DoC). Data compiled by the DoC shows that the country imported petroleum products worth Rs 116.3 billion in the…


Oil prices ease after Syria air strikes

Oil prices slid on Monday amid relief that US-led strikes on Syria did not provoke an escalation in the conflict, easing investor fears about the security of crude oil supply.   Russia holding back on any military riposte helped lift Wall Street, as did strong retail sales and optimism over…


PSO fuels the retail sector

MANY will be surprised to know that an oil company, Pakistan State Oil (PSO), owns the largest chain of convenience shops across the country, and is expanding the chain rapidly every year. “We already operate around 3,500 stores nationwide and adding over 70 new shops each year to its retail…


Fuel costs burn out textile export revenue

The Nishat group’s flag ship company is the largest composite textile unit in the country. The conglomerate has half a dozen other group companies listed on the Pakistan Stock Exchange (PSX) which include MCB Bank, Adamjee Insurance, DG Khan Cement Company, Nishat (Chunian) Ltd, Nishat Power, Lalpir Power and Pakgen…


India-Nepal oil pipeline formally launched

The much-awaited India-Nepal pipeline project has been launched jointly by Prime Minister KP Sharma Oli and his Indian counterpart Narendra Modi amid a function held at Hyderabad House, New Delhi. They participated remotely in the ground-breaking ceremony marking a formal start to the laying of the cross-border pipeline from India's…


Fewer fuel trucks compounding flight delays at TIA

Limited aircraft refuelers at Tribhuwan International Airport is one of the reasons behind flight delays at the only international airport in the country. The TIA has only seven fuel trucks, even though it sees over 400 flights every day. “Flights take off in every two or three minutes. It is…


China’s oil futures: frazzle or dazzle for foreign traders?

China’s crude oil futures, to be launched on Monday, will be a major step in Beijing’s years-long push to win greater sway over oil pricing, but for western traders it will likely bring frustration as well as opportunity. Shanghai Crude aims to rival the world’s two crude benchmarks, luring overseas…


Petrol, diesel, kerosene dearer by Rs 2/litre

The Nepal Oil Corporation has increased the price of petrol, diesel and kerosene by Rs 2 per litre effective from midnight. As per the revised rates, petrol will cost Rs 105 per litre, while diesel and kerosene will cost Rs 85 per litre each. The prices of cooking gas and…


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