Kathmandu, Jan. 10
Nepal Oil Corporation (NOC) said that it contributed 10 per
cent to the total annual revenue of the government.
Last year, it has recorded a turnover of Rs. 366 billion in
a year, contributing around Rs. 124 billion in revenue to the government.
Speaking on the occasion of the corporation’s anniversary,
Executive Director Chandika Prasad Bhatt said the amount paid through customs
duties, road maintenance charges and value-added tax is equivalent to nearly 10
per cent of the government’s total annual revenue target.
According to him, the corporation annually supplies 63,000
kilolitres of petrol, 222,000 kilolitres of diesel, 18,000 kilolitres of
aviation fuel and 46,000 tonnes of LPG. On average, about 7.5 million litres of
petroleum products are distributed across the country every day.
The NOC recorded a turnover of Rs. 367 billion and earned a
net profit of Rs. 13.5 billion.
Rs. 96 billion was contributed to government revenue, he
added.
He also claimed that to enhance transparency in
transactions, the corporation has introduced digital payment systems, bottom
loading in fuel tankers and automated metering systems.
Monopoly will not last: Minister Sinha
Addressing the event, Minister for Industry, Commerce and
Supplies Anil Kumar Sinha said that the benefits of long-standing monopoly
would not last forever, and stressed the need for institutional reforms and
greater efficiency.
He noted that despite limited capital, difficult geography
and supply risks, the corporation has been successfully ensuring regular supply
of petroleum products across the country. However, Minister Sinha said the
corporation must further strengthen its structure, services and management
systems in view of possible changes in market structure and the introduction of
open competition in the future.
Likewise, according to Deputy Director Nagendra Sah, petrol
in the Nepali market is currently cheaper by around Rs. 14 per litre than in
the Indian market. He said a policy has been adopted to increase storage
capacity from the current 10–12 days to 30 days.
Published in The Rising Nepal daily on 11 January 2026.
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