Nepal Oil Corporation (NOC) Executive Director Digambhar Jha has said that the Corporation has not been able to ease the supply of petroleum products due to a drastic cut on its import.
Speaking at a program at the Reporters Club on Sunday, Jha said the supply of petroleum products to Nepal has gone down by 45 per cent as it has not cleared its dues to the Indian Oil Corporation (IOC). According to Jha, the Corporation owes Rs 1.96 billion to IOC.
He stressed on the adjustment of the prices of petroleum products to address the financial crisis faced by the Corporation. Otherwise, the government should pay the dues to IOC, he asserted.
Jha also accused the petroleum dealers of fuelling the problem by hoarding petroleum products. Though the Corporation has supplied the petroleum to market as per the demand, the dealers have hoarded it and created an artificial shortage taking an advantage of a cut on its import, he said.
NOC Spokesperson Mukunda Prasad Dhungel added that the increasing power outage in the country is also responsible for the shortage of petroleum products. The consumption of petroleum products has gone up due to increasing duration of load-shedding, he said, arguing that there is no alternative to adjusting the prices of petroleum products as per the international market to end the problem.
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Prior to adjustment GON should declare the firm Policy on Energy Replacement at least up to 2020. Mono Poly and Taxes also help to surge the IOC credit. Taxes earned by GON either consumed by corruptionist or Parasites in Governing agency. Foreign currency earned by remittance/ Export used to pay the huge petroleum bills. In last 20 years hydro power production is worst in Nation . Almost all transport systems are fuel base need to change gradually at short term
policy level. Taxes should be minimum and control system modern and logical.
So the people who bought and paid for the petroleum and other products supplied by Nepal Oil Corrpuration are made to pay second time just to clear the dues the Nepal Oil Corrporation owes to IOC.
Mr.Jha,do not just make statements,explain one simple thing.
When the prices on petroleum are put to its consummers,is it the real price ,is it the final cost as to my understanding,anyone who does bizness puts the selling price higher to have its profit already,so tell us Mr.Jha ,where did the profit money go?Did it go into individual pockets or did it cover some other whole that required an urgent attention and now you try to explain to the people that the petroleum prices etc has to go up otherwise the Government will have to pay due of Nepal Oil Corrporation.
Why there is a discrimination of prices in International and Nepali Market?If the petrol costs certain amount ,so it costs certain amount,unless international market sells the worst quality petroleum and products for lower prices and you at NOC live on discrepancy. There is no artificial way of easying the cost and that is the result of this financial crisis not just for the NOC,plus the induction of prices in the market is in agreement with the Government so is this again one of the schemes how to write of misused money by NOC and the Government and as I understand it is the best place to put on price,as millions of people have no choice as to buy products of NOC .Soon we will have put on prices on daily products like rice,milk etc.Already the sound of food crises has reached the other parts of the country.
Are you looking for a solution?Don’t mis-use money.
The government has decided to arrange loan for NOC. What does NOC really want? Can somebody dig on this and find out reasons why we are facing crisis year in, year out?
Nepali people are facing the crisis year in and year out because they want something but they don’t want to pay for it. Subsidizing cost of petroleum products is insanity but there are riots if you try to raise the price. Nepali haru lai “free lunch” bhanne bani lageko chha.