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Power Supply

             
  • NEA: 7719 MWh
  • Private Sector: 7817 MWh
  • India: 5794 MWh
  • Tripping: 0 MWh
  • Demand : 21330 MWh
  • Soure : NEA

Petroleum

NOC hikes petrol, diesel, kerosene prices by Rs 2 a liter

Kathmandu- Prices of petrol, diesel and kerosene have gone up by Rs 2 per liter each. Issuing a statement on Monday, the Nepal Oil Corporation (NOC) said that it decided to raise the retail prices of petrol, diesel and kerosene in line with the revision in the price list forwarded…


Does Opec see US crude oil output as half full or half empty?

Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady, and do no more than they’re already doing. That’s not surprising given they tend to err on the side of doing as little…


Import bills for petroleum down by 16.6% despite 7% rise in quantity imported

Kathmandu- Nepal spent 16.6% less in import of petroleum products in the first three months of the current fiscal year – FY2019/20 compared to the same period last year despite an increase in the import volume by 7%. The three-month record of Current Macroeconomic Situation published by Nepal Rastra Bank…


Petroleum exploration in Dailekh after Tihar

Kathmandu- The exploration of petroleum products in Panchakoshi area of Dailekh will start after Tihar. The team that had studied the first phase, will now stay in the district for three months and engage in the exploration work. They are establishing camps in two locations where technicians and workers will…


Oil prices dip on weak demand outlook, supply concerns

Singapore- Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2 per cent, to $59.32 a barrel by 0108 GMT. US…


Oil prices steady, all eyes on data seen showing China GDP growth slowdown

Seoul- Oil prices were stable on Friday ahead of data that analysts say could show China, the world's largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 9 cents, 0.2…


Amlekhgunj depot starts supplying diesel to Bhairahawa, Biratnagar

Kathmandu- Nepal Oil Corporation (NOC) has started supplying diesel to sellers in Bhairahawa and Biratnagar from its Amlekhgunj depot, following the operation of the Motihari-Amlekhgunj petroleum pipeline. Prior to this, the NOC had been supplying diesel in Bhairahawa and Biratnagar from Indian Oil Corporation’s (IOC)’s depots situated in Varanasi of…


UK says Iran responsible for attack on Saudi oil facilities

New York- Britain has concluded that Iran was responsible for attacks on oil facilities in Saudi Arabia, U.K. Prime Minister Boris Johnson said Sunday. He said the U.K. would consider taking part in a U.S.-led military effort to bolster the Gulf kingdom's defenses, while Iran's president announced plans for a rival Iranian-led security…


Fuel price for int’l airlines slashed by $50 per kiloliter

Kathmandu- The Nepal Oil Corporation has slashed the price of aviation turbine fuel (ATF) by US$50 per kiloliter for international carriers in the wake of growing complaints from tourism and international airlines companies that the jet fuel price was too high in Nepal. The state-owned oil monopoly decided to revise…


Saudi oil output to recover in two or three weeks after attack: Sources

LONDON/DUBAI- Saudi Arabia sought to calm markets on Tuesday after an attack on its oil facilities, with sources in the kingdom saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks. International oil companies, fellow members of the OPEC oil cartel and…


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