Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

NOC bats for Electronic Transaction to Prevent Fuel Smuggling in Border Areas

  1 min 43 sec to read
NOC bats for Electronic Transaction to Prevent Fuel Smuggling in Border Areas
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

February 25: The Nepal Oil Corporation (NOC) has instructed its depots and offices to make arrangements for the fuel stations in border areas to collect payment only through electronic means to stop the smuggling of fuel across the border. The state-owned oil monopoly has given such instructions to its regional offices, fuel depots and branch offices as the price difference of petrol and diesel has widened in the border areas compared to India.

According to Binit Mani Upadhyaya, the deputy director of NOC, the price of petrol in the border area is up to Rs 30 per liter cheaper in Nepal than in India, due to which, petrol and diesel sold from Nepal’s fuel stations near the border are smuggled back to India. The corporation has stated that an electronic payment system is being implemented to make the sale and distribution of fuel from the stations transparent.

Issuing a statement, the NOC has said that all ordinary fuel stations located 2 kilometers within the Indian border will be provided with electronic payment system within a month for selling and distributing petroleum products.

The NOC has also instructed the concerned bodies to make arrangements to send the progress report to the center every month.

Nepal Oil Corporation has been running at  loss since the price of crude oil reached its peak in the international market. According to the NOC, about 1,600 fuel stations are in operation across the country. Among them, about 60 percent are in the Terai districts.

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.