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Power Supply

             
  • NEA: 6645 MWh
  • Private Sector: 6132 MWh
  • India: 10423 MWh
  • Tripping: 60 MWh
  • Demand : 23260 MWh
  • Soure : NEA

Petroleum

India turns positive to allowing Nepali LPG trucks on Indian soil

Kathmandu- The Indian government has struck a positive note on allowing LPG container bullets with Nepali license plates to transport cooking gas from India, asking the Nepali authorities to coordinate with Indian officials concerned. In July 2016, the government permitted domestic gas plants to operate such gas container bullets, breaking…


Bangladesh starts exporting LPG to Indian

Dhaka- Bangladesh has started commercial export of liquefied petroleum gas (LPG) to neighbouring India with initial shipment of around 1,000 tonnes per month. Two privately owned firms — Omera Petroleum and Beximco LPG — are now exporting LPG to Tripura, a landlocked northeastern state of India, by road. Presently, each…


China total fuel demand forecast to rise 2.3 per cent to 393 mln tonnes in 2020: CNPC Research

Beijing- * China's natural gas output to rise 8.2 per cent year-on-year to 187.5 bcm in 2020, said the think-thank at China's largest energy producer, China National Petroleum Corp (CNPC), on Monday. * China's apparent crude oil demand to rise 3.6 per cent year-on-year to 719 million tonnes in 2020 * China forecast…


Government balks at deregulating the money-making petroleum sector

Kathmandu- The government has balked at deregulating the petroleum sector with Nepal Oil Corporation lately awash in cash. It has backtracked on its long-standing pledge to break the monopoly of the state-owned company which has total control over the import and distribution of gasoline in Nepal. Addressing the company's 50th anniversary celebration…


After years of stalemate, NOC announces a month’s pay as bonus to staffers

Kathmandu- Nepal Oil Corporation (NOC) on Saturday announced to provide a month’s pay as a bonus to its employees although its similar announcements in the past were barred by various government bodies including parliamentary committees. The state-owned oil monopoly had courted serious controversy when it announced to provide bonus to…


Gas bottlers flout govt safety regulations

Kathmandu- As many as 15 bottlers of Liquefied Petroleum (LP) gas are yet to acquire the Nepal Standard (NS) certification, although the Nepal Bureau of Standards and Metrology (NBSM) directed these bottlers to comply with the safety norms some three years ago. These bottlers are only left emboldened as the…


Nepal’s gasoline imports fall as economy slackens

Kathmandu- Nepal's gasoline imports declined in the first four months of this year, central bank data showed, highlighting the slowed pace of construction and development activities. In the first four months of the current fiscal year, the country imported gasoline worth Rs58.2 billion, down 15.5 percent year-on-year. Economists say overall slackness…


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…


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