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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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December 15: The government’s plan to distribute petrol by mixing 10 percent ethanol has failed to materialize. The concept was developed to reduce the cost factor, but the government has not taken any steps towards meeting the objective. It has been stated that the government is reluctant to take the initiative because the cost of petrol is not excessively high at the moment.
The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.
The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.
“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.
“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added.
Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.
“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”
Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.
Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
<p> </p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had decided to mix 10 percent ethanol in petrol about 17 years ago. Nepal Oil Corporation made necessary preparations to implement the decision in 2014. However, the state-owned oil corporation said that the issue did not get priority due to problems in implementing the decision.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The concept was also developed to promote domestic industries that produce ethanol. The plan if implemented would also promote eco-friendly fuel and decrease the country’s dependency on import of petroleum products. But the NOC has not taken any steps towards implementing the decision, informed Binit Mani Upadhyay, spokesperson of NOC.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are currently busy storing petroleum products. Our focus is also on petroleum pipeline. However, we do not have any immediate plans to mix ethanol in petrol,” said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“NOC did not put this concept in priority after it was found that the plan would not be much cost effective practically,” he added. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepal imports petroleum products worth billions of rupees every year. The government developed the concept to mix ethanol in petrol to reduce the cost. At that time, the government had conceptualized to use the ethanol produced by the local sugar mills of the country. However, the sugar mills were not able to supply adequate amount of ethanol and the cost of transporting ethanol was not as cheap as expected. Therefore, the concept did not get any priority, said Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We had even set up a facility to store ethanol in Amlekhgunj. But later it was found that mixing ethanol would not reduce the cost factor and therefore it never fell in our priority list.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Petrol is currently being imported at the rate of Rs 45 to Rs 50 per litre. The retail cost is high only because of taxes under different headings. Adding ethanol would make no difference to the cost factor, informed Upadhyay.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Countries like India, Canada, Brazil, the USA and some African as well as Asian countries have already started selling petrol by mixing ethanol. </span></span></span></span></p>
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