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Power Supply

  • NEA: 354 MW
  • Private Sector: 194 MW
  • India: 476 MW
  • Loadshedding: 265 MW
  • Demand : 1289 MW
  • Soure : NEA

Petroleum

NOC hikes some fuel prices

Nepal Oil Corporation (NOC) has increased the prices of some petroleum products, citing rise in the price of crude oil in the international market. NOC on Wednesday decided to increase the price of petrol by Re 1, and diesel and kerosene prices by Rs 2 per liter. With this, petrol…


High Oil Price, USD Rate Make Govt Bleed

The three-and-a-half-year-long record high oil price in the international market and the increasing dollar price are causing a huge loss to the government. The two factors are also putting foreign reserves under pressure, as the government has to foot higher import bills. Sources in the Bangladesh Petroleum Corporation (BPC) said…


Oil hits highest since May 2015 above $68 on tighter market

Oil rose further above $68 a barrel briefly on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week. The Organization of the Petroleum Exporting Countries and allies including Russia are keeping supply limits in place in 2018,…


NBSM gives 15-day deadline to gas companies to acquire NS mark

Nepal Bureau of Standards and Metrology (NBSM) – the national standard body of the government – has given 15 days to domestic liquefied petroleum gas (LPG) bottling plants to acquire Nepal Standard (NS) certification from the government and maintain other safety and quality standards. After gas bottling companies geared up…


21 gas bottlers apply for NS certification

Twenty-one liquefied petroleum gas (LPG) bottlers have applied for Nepal Standard (NS) certification after the Nepal Bureau of Standards and Metrology began tightening the screws on plants delaying fulfilling safety requirements. The bureau has given gas bottlers 15 days to upgrade safety measures at their plants. It moved to enforce…


LPG supply halted in Biratnagar

Supply of domestic cooking gas, LP gas, has been halted in Biratnagar due to protest of gas distributors. The distributors stopped supplying gas in the market on Wednesday, demanding increment in their commission amount. While the locals were already struggling with extreme cold and needed more fuel to keep warm,…


Gas Reserves At 5 Fields Depleting Way Faster Than Projection

Gas reserves at five gas fields are found to be depleting way faster than the estimation that made by the government earlier. The gas fields of Fenchuganj, Semutang, Sundalpur, Salda and Rupganj are seemed to be failing to provide the projected amount of gas on a daily basis. Among the…


Saudi Arabia Eyes 80% Jump In Oil Revenues By 2023

Saudi Arabia sees oil revenues soaring by 80 percent over the next six years, according to unnamed sources that spoke to Bloomberg. The information is not public yet but plans are for the Kingdom to increase its output to a level that, combined with an assumption of higher oil prices, will allow…


NOC forms panel to enforce safety norms

Nepal Oil Corporation (NOC) has formed a monitoring committee at the central level to ensure that gasoline stations maintain safety norms as it has been revealed that there is widespread violation of safety regulations. The committee was formed on Wednesday under the Nepal Bureau of Standards and Metrology Director General…


Govt plans to call global bids for oil, gas exploration

The government is planning to call for global bids to conduct oil and gas exploration in the country. Encouraged by the feasibility studies carried out one and a half years ago, which showed high probability of discovering petroleum, the government wants to move forward and find out how much oil…


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