Power Supply

  • NEA: 401 MW
  • Private Sector: 344 MW
  • India: 424 MW
  • Tripping: 15 MW
  • Demand : 1188 MW
  • Soure : NEA

Petroleum

Indian Oil facing increased cost pressure due to crude oil spike

Every $10 per barrel rise in the price of crude oil raises working capital cost by about Rs 500 crore per year and cost of fuel consumed internally by $0.9 per barrel for Indian OilCorp, its finance chief has said. India Oil Corp, the nation’s largest refiner and fuel retailer, is…


Oil price will be driven by consumers rather than OPEC

Oil traders' attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018. But the direction of prices over the next year will be more influenced by less…


Can Saudi Arabia Prevent The Next Oil Shock ?

The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and…


NOC revises petro-price

Nepal Oil Corporation (NOC) on Sunday has revised downward prices of petroleum products effective from Sunday midnight. Birendra Goit, spokesperson of NOC, said the price of petrol has come down by Rs 3 per liter, while diesel and kerosene have become cheaper by Rs 2 per liter each. Now consumers can…


Controversial NOC chief Khadka quits

Managing Director of Nepal Oil Corporation (NOC) Gopal Bahadur Khadka resigned on Thursday, nine months after being transferred over a controversial land deal to the reserve pool of the Ministry of Supplies where he was only allowed to sign the attendance register daily. Khadka has been accused of embezzling Rs800…


In A First, Indian Oil Corporation To Channel Refinery Waste Gas For Ethanol Production

In a first-of-its-kind venture in the world, Indian Oil Corporation is planning to utilise off-gases (waste gas) from various processing units of its refineries for production of ethanol. The move will reduce the carbon footprint of the state-run company’s refineries, while helping to gainfully use waste gas produced for the production of ethanol…


NOC ups fuel price while int’l price falls marginally

Nepal Oil Corporation has hiked fuel prices regularly under an automatic pricing mechanism in the last seven months. The steady price hike has impacted the price of daily commodities, and airfares are also to increase by Tuesday. NOC’s latest price hike comes against a fall in international prices. Consumer activists…


NOC hikes fuel prices yet again

The state-owned Nepal Oil Corporation (NOC) on Saturday increased the prices of petrol, diesel and aviation fuel, two weeks after the last adjustment. The new rates will come into effect from Saturday midnight, the NOC said. The NOC has increased the price of petrol by Rs3 to Rs113 per litre.…


Fuel price: Petrol price cut by 7 paise, diesel by 5 paise per litre in Delhi

Petrol price was cut by 7 paise a litre and diesel by 5 paise - the second reduction in as many days on the back of softening international oil prices. Petrol in Delhi now costs Rs 78.35 a litre, down from Rs 78.42, according to a price notification issued by…


New record high for fuel prices in India: Petrol touches Rs 86.24 IC per litre

On Tuesday, petrol price has risen to Rs 86.24 per litre from Monday's Rs 86.08 per litre, a rise of 16 paise. Similarly, diesel will be Rs 73.79 a litre, a rise of 15 paise over Monday's Rs 73.64. Last week, petrol prices hovered around Rs 84.70 per litre and…


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